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Wise Diversification
Published 1 month, 2 weeks ago
Description
As a banker, I was once asked to make a loan to a businessman who owned nothing except one stock worth $2 million, but he owed $1 million against that stock. I was surprised by his lack of diversification. I declined his loan request. Later, that stock plummeted and he was forced to sell with a deep loss. Jesus began a parable by stating that a master entrusted his wealth ...
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