By Mary Anne and Pamela Aden and 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.