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Year-to-date, in 2021, the S&P 500, a well-diversified portfolio of 500 stocks, provided a rate of return of approximately 15% while Palantir, a single stock,

Year-to-date, in 2021, the S&P 500, a well-diversified portfolio of 500 stocks, provided a rate of return of approximately 15% while Palantir, a single stock, had a rate of return of more than 200%. Does this information provide arguments against diversification? Explain why or why not.

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