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M*: A New Lens for Measuring Global Diversification

TedTed
in The Bullpen
FYI: Diversification is the only free lunch in investing. Spreading bets across securities, sectors, and geographies is an efficient way to reduce risk. But traditional means of measuring these dimensions of diversification have limitations.
Regards,
Ted
https://www.morningstar.com/articles/947560/a-new-lens-for-measuring-global-diversification
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