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April 10, 2026

The Mirage of Non-Correlation: Why Diversification Fails When It’s Needed Most

(Image: A Satire of Tulip Mania, Jan Brueghel the Younger, 1640) “Your investment approach must account for the truth that there are going to be large drops in every asset class, and that ‘diversification’ alone is not enough (correlation goes to 1 at the worst times, like it did in 2008).”   – Daniel Taylor, October...
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