Diversification: How to get it right

In his treatise the Arthashastra, Chanakya suggested a method to reduce the loss caused by the theft of high-valued items. In those times, the market for high-valued goods barely existed and their export used to be highly risky. He said that such items should not be shipped together. Rather they should be distributed across several shipments and with other regular items. So, even if dacoits plundered a batch of shipments, the loss would be contained. Indeed, Chanakya was talking about diversification.

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