Holistic Diversification

A few years ago, Paul, a successful owner of a home-building company, wanted to reinvest his wealth in his business. The real estate market was booming and few other assets provided the kind of return he could achieve with a business that was well on the way to becoming one of the largest privately owned home builders in the country. But Paul's financial advisor insisted that Paul build a portfolio

A few years ago, Paul, a successful owner of a home-building company, wanted to reinvest his wealth in his business. The real estate market was booming and few other assets provided the kind of return he could achieve with a business that was well on the way to becoming one of the largest privately owned home builders in the country.

But Paul's financial advisor insisted that Paul build a portfolio with assets that behaved differently from his company. Paul did as advised but had his

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