How diversification is based on correlation why do you, Financial Management

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How diversification is based on correlation why do you

Please discuss ways in everyday life (school, work, business, family, spiritual, health, etc) that you think people fail to properly diversify. Furthermore, given what you have learned about how diversification is based on correlation, why do you think people fail to diversify in the ways you have mentioned?

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Financial Management: How diversification is based on correlation why do you

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