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Cracking Coconut’s History
For thousands of years, the coconut palm has entwined itself in history, from tropical coasts to typical shelves in global groceries. Called the “tree of life” by the many cultures that have depended upon it through time, it provides sustenance, succor and shelter. While it now grows on every subtropical coastline around the world, genetic testing underwritten by the National Geographic Society in 2011 showed the coconut originated in India and Southeast Asia. From its original home, the nut-which can float-made its way independently, traversing both hemispheres.
Diversifying Too Soon
Good diversification is a staple of financial planning advice, though the principle long pre-dates financial planners. From the aphorism “don’t put all your eggs in one basket”, to Talmudic texts from 3,000 years ago directing people to split their wealth evenly between cash, real estate, and business, the virtue of limiting exposure to risk from diversification is an “accepted truth”.