“Diversification is the only free lunch.”
— Jim Cramer
Simplified Meaning:
When you put your money or time into different things, like splitting it between several projects or investments instead of just one, you reduce risk and increase your chances of success without extra cost. Imagine having a garden and planting only one kind of vegetable. If something goes wrong, like bad weather or pests, you might lose all your crops. But if you plant many different vegetables, there's a better chance that some will survive and grow well. In the same way, spreading your investments or efforts across various areas helps protect you from losing everything if one thing doesn’t work out. It’s like having multiple safety nets. This approach applies not only to money but also to learning new skills or trying out new hobbies—by diversifying, you can find what works best and enjoy more security and opportunities.
