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In the article, Skis and Bikes: The Untold Story of Diversification, the author uses an example of a simple business that sells skis in the

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In the article, Skis and Bikes: The Untold Story of Diversification, the author uses an example of a simple business that sells skis in the winter and blkes in the summer to help his reader see that well-executed diversification is indistinguishable from magic. Specifically, what is the "magic" of diversification as it relates to investment portfolios? Provide a clear and concise response

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