One argument for staying diversified is simply to take advantage of silly market psychology

_with what money_, SimpleStacker?! 

Y'alls still have fiat or even chairs?!

denlillaapan

When choosing a safe asset, it’s just as important to know who else owns it as to think about its fundamental properties. If they all sell in a panic, you’re stuck with something worth a lot less if you need to sell in a hurry.

When others are selling in a panic, it's the time to buy.

econ

What to Own When Markets Are Crashing? (Wall Street Journal, James Makintosh)

> When choosing a safe asset, it’s just as important to know who else owns it as to think about its fundamental properties. If they all sell in a panic, you’re stuck with something worth a lot less if you need to sell in a hurry.

When others are selling in a panic, it's the time to buy. 