The first rule of financial management is the same adage we teach children: Don’t put all your eggs in one basket. A diversified portfolio is Investing 101, and the world is now suffering the fallout that comes from ignoring it.
The war with Iran has shown how harmful our overreliance on oil and gas is, both economically and militarily. Blocking passage of these fossil fuels through a narrow waterway, the Strait of Hormuz, has allowed a state sponsor of terrorism to cause serious harm to national economies and individual pocketbooks. People are paying more to fill up their gas tanks, ...