By the Dow Theory Team
Many readers have asked me, "Russell, how do you decide what you are going to write in any given Letter?" and my answer is twofold:
(1) I write about what I actually see happening in the market. For instance, if bonds look toppy or gold appears to be breaking out, I'll write about that.
(2) I write about what I happen to be thinking about. For instance, if I am thinking about values or stock selection, that's what I write about.
This week I've been thinking about one of my favorite subjects: diversification. Except in rare instances, I feel diversification is a MUST in investing.