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My favorite proverb of all is the one that says for every proverb, there is an equal and opposite proverb. In this case, we should note that the proverb about not putting all your eggs in one basket is not necessarily a sound engineering principle. The right answer depends on the margin of error and on the per-basket failure rate. It also greatly depends on the chance of correlated, uncorrelated, and anti-correlated basket failures. Sometimes the best way to get your eggs from point A to point B is to put them all in one basket and take really good care of that basket.
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  2. campyspod said: Chris: Awesome. Warren Buffet also argues against the diversification strategy:…
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