In addition, one of the most promising new diversifying alternatives—
diversification by sectors—is not proving to be as effective
as once hoped.
What we want to do in this chapter is explain what is happening
with diversification and show that there are ways around
the snares being created by the follow-the-leader nature of the
world’s stock markets. And while we say the benefits of diversification
abroad and by sector have been diminished, we are not
saying they have disappeared. So these strategies will still help—
just not as much.
diversification by sectors—is not proving to be as effective
as once hoped.
What we want to do in this chapter is explain what is happening
with diversification and show that there are ways around
the snares being created by the follow-the-leader nature of the
world’s stock markets. And while we say the benefits of diversification
abroad and by sector have been diminished, we are not
saying they have disappeared. So these strategies will still help—
just not as much.
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