Diversification

/da‍ɪvˌɜːsɪfɪkˈe‍ɪʃən/

/daɪˌvɝsəfəˈkeɪʃən/, /dɪˌvɝsəfəˈkeɪʃən/

Diversification

the process or action of reducing risk and improving chances of success by developing a wider range of skills, products, etc.

extremely alarming

the condition of being varied

Examples

1. The closest thing in investment to a free lunch is diversification.

2. Diversification is a free lunch.

3. In a post financial crisis world, diversification is important.

4. And the other dimension of risk management was diversification.