--- title: "Meaning & Key Takeaway of: My view is that one should diversify…" description: "\"My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk l..." image: "https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg" --- # My view is that one should diversify broadly across… ![“My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.” quote by Myron Scholes](https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg) [Download](https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg) [Open image](https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg) > “My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.” [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors should spread money across many funds, but choosing the right risk level is hard; advisors can help. **In simple terms:** Diversify broadly, seek guidance for risk. Key Takeaway Consider professional advice for risk matching. Themes diversification risk management advisory Mood thoughtful cautious Type financial educational When to use this quote - retirement planning - wealth building - investment education - advisor selection Key Concepts portfolio theory behavioral finance risk tolerance Questions to Reflect On - What criteria define your risk comfort? - How to evaluate advisor independence? A Different Perspective Advisors may have conflicts of interest. ★ ★ ★ ★ ★ No ratings yet [Across](https://sms4smile.com/quotes/about/across/) [Adviser](https://sms4smile.com/quotes/about/adviser/) [Appropriate](https://sms4smile.com/quotes/about/appropriate/) [Customer](https://sms4smile.com/quotes/about/customer/) [Different](https://sms4smile.com/quotes/about/different/) [Different Fund](https://sms4smile.com/quotes/about/different-fund-4776523/) [Diversify](https://sms4smile.com/quotes/about/diversify/) [Diversify Broadly](https://sms4smile.com/quotes/about/diversify-broadly-4776522/) [Fund](https://sms4smile.com/quotes/about/fund/) [Fund Investments](https://sms4smile.com/quotes/about/fund-investments-4478415/) [Funds](https://sms4smile.com/quotes/about/funds/) [Having](https://sms4smile.com/quotes/about/having/) [Helpful](https://sms4smile.com/quotes/about/helpful/) [However](https://sms4smile.com/quotes/about/however/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investments](https://sms4smile.com/quotes/about/investments/) [Investors](https://sms4smile.com/quotes/about/investors/) [Level](https://sms4smile.com/quotes/about/level/) [Manage](https://sms4smile.com/quotes/about/manage/) [Manage Funds](https://sms4smile.com/quotes/about/manage-funds-1521201/) [Personal](https://sms4smile.com/quotes/about/personal/) [Pick](https://sms4smile.com/quotes/about/pick/) [Risk](https://sms4smile.com/quotes/about/risk/) [Should](https://sms4smile.com/quotes/about/should/) [Tough](https://sms4smile.com/quotes/about/tough/) [Try](https://sms4smile.com/quotes/about/try/) [View](https://sms4smile.com/quotes/about/view/) [Would](https://sms4smile.com/quotes/about/would/) ## Related quotes > [Most of the mutual fund investments I have are index funds, approximately 75%.](https://sms4smile.com/quotes/charles-r-schwab/most-of-the-mutual-fund-investments-i-have-are-index-funds/) [Charles R. Schwab](https://sms4smile.com/quotes/author/charles-r-schwab/) > [The philosophy to 'buy and hold' is a philosophy that I use to manage funds.](https://sms4smile.com/quotes/michael-lee-chin/the-philosophy-to-buy-and-hold-is-a-philosophy-that-i-use-to-manage/) [Michael Lee-Chin](https://sms4smile.com/quotes/author/michael-lee-chin/) > [If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years,](https://sms4smile.com/quotes/david-lereah/if-you-paid-your-mortgage-off-it-means-you-probably-did-not-manage/) [David Lereah](https://sms4smile.com/quotes/author/david-lereah/) > [Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients.…](https://sms4smile.com/quotes/jim-rogers/diversification-is-something-that-stock-brokers-came-up-with-to/) [Jim Rogers](https://sms4smile.com/quotes/author/jim-rogers/) > [I want to be able to let people who aren't used to seeing a Santa of color say, 'Wow, there he is.' It's time…](https://sms4smile.com/quotes/baron-davis/i-want-to-be-able-to-let-people-who-aren-t-used-to-seeing-a-santa-of/) [Baron Davis](https://sms4smile.com/quotes/author/baron-davis/) > [Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.](https://sms4smile.com/quotes/robert-d-arnott/diversify-but-carve-out-10-to-20-percent-for-the-most-unloved-part-of/) [Robert D. Arnott](https://sms4smile.com/quotes/author/robert-d-arnott/) > [People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to…](https://sms4smile.com/quotes/robert-j-shiller/people-might-just-decide-yeah-i-ll-diversify-my-portfolio-i-ll-live/) [Robert J. Shiller](https://sms4smile.com/quotes/author/robert-j-shiller/) > [Some people make a career out of doing one thing, but I wanted to diversify my body of work.](https://sms4smile.com/quotes/morris-chestnut/some-people-make-a-career-out-of-doing-one-thing-but-i-wanted-to/) [Morris Chestnut](https://sms4smile.com/quotes/author/morris-chestnut/) > [I just continue to be kind of disappointed that people don't realize that and try and diversify the kind of work they are doing…](https://sms4smile.com/quotes/harvey-pekar/i-just-continue-to-be-kind-of-disappointed-that-people-don-t-realize/) [Harvey Pekar](https://sms4smile.com/quotes/author/harvey-pekar/) > [“I disagree – massively – with the traditional American way firms are organized and run. In many organizations much of the labor is so…](https://sms4smile.com/quotes/chris-lutz/i-disagree-massively-with-the-traditional-american-way-firms-are/) [Chris Lutz](https://sms4smile.com/quotes/author/chris-lutz/) > [I want to diversify a bit. I don't wanna throw myself into another big blockbuster or another big franchise anytime soon. So smaller films,…](https://sms4smile.com/quotes/emma-watson/i-want-to-diversify-a-bit-i-don-t-wanna-throw-myself-into-another-big/) [Emma Watson](https://sms4smile.com/quotes/author/emma-watson/) > [“Often, they mindlessly repeat what they have been told. Ideas such as “diversify” or “your home is an asset.” “Your home is your biggest…](https://sms4smile.com/quotes/robert-t-kiyosaki/often-they-mindlessly-repeat-what-they-have-been-told-ideas-such-as/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think…](https://sms4smile.com/quotes/robert-j-shiller/diversify-because-that-helps-reduce-risk-and-you-can-diversify/) [Robert J. Shiller](https://sms4smile.com/quotes/author/robert-j-shiller/) > [The people in your life should always be assets. If someone is a liability, then it maybe time to diversify.](https://sms4smile.com/quotes/enhance-dreams/the-people-in-your-life-should-always-be-assets-if-someone-is-a/) [Enhance Dreams](https://sms4smile.com/quotes/author/enhance-dreams/) > [The future is always coming up with surprises for us, and the best way to insulate yourself from these surprises is to diversify.](https://sms4smile.com/quotes/robert-j-shiller/the-future-is-always-coming-up-with-surprises-for-us-and-the-best-way/) [Robert J. Shiller](https://sms4smile.com/quotes/author/robert-j-shiller/) ## More by Myron Scholes > [My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of…](https://sms4smile.com/quotes/myron-scholes/my-career-in-academic-research-has-not-been-involved-with-active/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously…](https://sms4smile.com/quotes/myron-scholes/most-of-the-time-your-risk-management-works-with-a-systemic-event/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [Building a road might create temporary jobs, but does it really create wealth if it doesn't also shorten commute times or otherwise make society…](https://sms4smile.com/quotes/myron-scholes/building-a-road-might-create-temporary-jobs-but-does-it-really-create/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis,…](https://sms4smile.com/quotes/myron-scholes/the-experience-of-the-90s-whether-it-s-the-94-peso-crisis-or-the-97/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' they call them 'futures.'](https://sms4smile.com/quotes/myron-scholes/a-futures-contract-is-a-derivative-but-the-futures-exchange-doesn-t/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [If someone says to you, 'Go to an old-folks' home,' that's kind of ridiculous, because a lot of old people are doing terrific things…](https://sms4smile.com/quotes/myron-scholes/if-someone-says-to-you-go-to-an-old-folks-home-that-s-kind-of/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [All models have faults - that doesn't mean you can't use them as tools for making decisions.](https://sms4smile.com/quotes/myron-scholes/all-models-have-faults-that-doesn-t-mean-you-can-t-use-them-as-tools/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [If someone says to you, Go to an old-folks home, thats kind of ridiculous, because a lot of old people are doing terrific things…](https://sms4smile.com/quotes/myron-scholes/if-someone-says-to-you-go-to-an-old-folks-home-thats-kind-of/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [I'm a theorist, not an institutionalist.](https://sms4smile.com/quotes/myron-scholes/i-m-a-theorist-not-an-institutionalist/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggested to them that they…](https://sms4smile.com/quotes/myron-scholes/i-was-involved-with-wells-fargo-bank-as-a-consultant-in-the-late/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And…](https://sms4smile.com/quotes/myron-scholes/my-first-reaction-on-being-awarded-the-nobel-prize-was-actually-i/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic…](https://sms4smile.com/quotes/myron-scholes/i-think-in-our-global-economy-uncertainty-is-ever-increasing-so-to/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [From an early age I was very, very fascinated by uncertainty.](https://sms4smile.com/quotes/myron-scholes/from-an-early-age-i-was-very-very-fascinated-by-uncertainty/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to…](https://sms4smile.com/quotes/myron-scholes/innovation-must-lead-infrastructure-for-a-simple-but-compelling/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) > [All models have faults - that doesnt mean you cant use them as tools for making decisions.](https://sms4smile.com/quotes/myron-scholes/all-models-have-faults-that-doesnt-mean-you-cant-use-them-as-tools/) [Myron Scholes](https://sms4smile.com/quotes/author/myron-scholes/) [Explore all 22 Myron Scholes quotes ](https://sms4smile.com/quotes/author/myron-scholes/) ## More Across quotes > [I realized I couldn't be a journalist because I like to take a side, to have an opinion and a point a view; I…](https://sms4smile.com/quotes/annie-leibovitz/i-realized-i-couldn-t-be-a-journalist-because-i-like-to-take-a-side/) [Annie Leibovitz](https://sms4smile.com/quotes/author/annie-leibovitz/) > [Many of us believe that we need health care reform. That being said - Americans felt like they weren't being listened to. There were…](https://sms4smile.com/quotes/anonymous/many-of-us-believe-that-we-need-health-care-reform-that-being-said/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [What happens is this sort of bleed-over from the tabloids across your movie work. You go to a movie, you only go once. But…](https://sms4smile.com/quotes/ben-affleck/what-happens-is-this-sort-of-bleed-over-from-the-tabloids-across-your/) [Ben Affleck](https://sms4smile.com/quotes/author/ben-affleck/) > [I've never been invited to do an exhibition or do a talk in England, except once, about 10 years ago. I've given talks all…](https://sms4smile.com/quotes/brian-wildsmith/i-ve-never-been-invited-to-do-an-exhibition-or-do-a-talk-in-england/) [Brian Wildsmith](https://sms4smile.com/quotes/author/brian-wildsmith/) > [Realizing that they can't get their agenda across: against religious liberty, against a culture of life, they can't get those issues across through the…](https://sms4smile.com/quotes/rod-parsley/realizing-that-they-can-t-get-their-agenda-across-against-religious/) [Rod Parsley](https://sms4smile.com/quotes/author/rod-parsley/) > [I think if you look all across the country, the so-called Blue Dogs are all gone to kennel. There are no more Blue Dogs,…](https://sms4smile.com/quotes/anonymous/i-think-if-you-look-all-across-the-country-the-so-called-blue-dogs/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I look forward to the day that a lot of the folks that you all talk about and cover on this network will begin…](https://sms4smile.com/quotes/anonymous/i-look-forward-to-the-day-that-a-lot-of-the-folks-that-you-all-talk/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I don't know how 'X Factor' works. I was only there as a guest judge for a day. But I watched 'The Voice' a…](https://sms4smile.com/quotes/rita-ora/i-don-t-know-how-x-factor-works-i-was-only-there-as-a-guest-judge-for/) [Rita Ora](https://sms4smile.com/quotes/author/rita-ora/) > [I'm liking the Bundesliga. There's a lot of top, top defenders that you come across.](https://sms4smile.com/quotes/reiss-nelson/i-m-liking-the-bundesliga-there-s-a-lot-of-top-top-defenders-that-you/) [Reiss Nelson](https://sms4smile.com/quotes/author/reiss-nelson/) > [In my district, I have a very clear mandate to work across the aisle.](https://sms4smile.com/quotes/elissa-slotkin/in-my-district-i-have-a-very-clear-mandate-to-work-across-the-aisle/) [Elissa Slotkin](https://sms4smile.com/quotes/author/elissa-slotkin/) > [Mahindra's brand strategy is about niches across areas of mobility.](https://sms4smile.com/quotes/anand-mahindra/mahindra-s-brand-strategy-is-about-niches-across-areas-of-mobility/) [Anand Mahindra](https://sms4smile.com/quotes/author/anand-mahindra/) > [When I was in Greenough, Montana, I came across a bear cub. I was off this path, and I thought, If there's a bear…](https://sms4smile.com/quotes/al-roker/when-i-was-in-greenough-montana-i-came-across-a-bear-cub-i-was-off/) [Al Roker](https://sms4smile.com/quotes/author/al-roker/) > [Extreme weather threatens our energy and electric grid, federal buildings, transportation infrastructure, access to natural resources, public health, our relationships across the globe, and…](https://sms4smile.com/quotes/matt-cartwright/extreme-weather-threatens-our-energy-and-electric-grid-federal/) [Matt Cartwright](https://sms4smile.com/quotes/author/matt-cartwright/) > [We have a workforce crisis across the NHS with around 100,000 vacancies.](https://sms4smile.com/quotes/sajid-javid/we-have-a-workforce-crisis-across-the-nhs-with-around-100-000/) [Sajid Javid](https://sms4smile.com/quotes/author/sajid-javid/) > [It's time for all of us to unite across the state of Washington to build a working Washington. Let's get to work.](https://sms4smile.com/quotes/jay-inslee/it-s-time-for-all-of-us-to-unite-across-the-state-of-washington-to/) [Jay Inslee](https://sms4smile.com/quotes/author/jay-inslee/) [Browse all 722 Across quotes ](https://sms4smile.com/quotes/about/across/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.", "creator": { "@type": "Person", "name": "Myron Scholes" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/myron-scholes/my-view-is-that-one-should-diversify-broadly-across-different-fund/", "about": { "@type": "Thing", "name": "Across" }, "@id": "https://sms4smile.com/quotes/myron-scholes/my-view-is-that-one-should-diversify-broadly-across-different-fund/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg", "url": "https://sms4smile.com/quotes/i/1ad/myron-scholes-25844_across_my-view-is-that-one-should-diversify-bro_3002944.jpg", "width": 1080, "height": 1080, "caption": "“My view is that one should diversify broadly across different fund investments. However, it's tough for…” — Myron Scholes", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Myron Scholes", "item": "https://sms4smile.com/quotes/author/myron-scholes/" }, { "@type": "ListItem", "position": 4, "name": "My view is that one should...", "item": "https://sms4smile.com/quotes/myron-scholes/my-view-is-that-one-should-diversify-broadly-across-different-fund/" } ], "@id": "https://sms4smile.com/quotes/myron-scholes/my-view-is-that-one-should-diversify-broadly-across-different-fund/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```