Good Morning!
There were several transformations in the transition from the 19th to the 20th centuries. These included advances in medicine, architecture and basic sanitation, which ensured that quality of life not only improved but was maintained. All this adds up to the rise of the fastest and most efficient means of transport, which has allowed longer distances to be covered in less time.
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Yani was experiencing <u>"Psychological noise".</u>
Psychological noise results from assumptions we convey to discussions, for example, racial generalizations, reputations, inclinations, and presumptions. When we come into a discussion with thoughts regarding what the other individual will state and why, we can without much of a stretch end up blinded to their unique message. More often than not psychological noise is difficult to free ourselves from, and we should basically endeavor to perceive that it exists and consider those diversions when we talk with others.
Answer: Offset their losses with gains
Explanation:
Diversification reduces the risk of losses because it spreads investment out across different industries that are ideally negatively correlated so that if things in one industry go wrong for instance, things will go right in the other.
For instance, the investor could invest in both Ice cream companies and Hot Beverage companies with the idea being that in winter when the Ice Cream company losses sales, the Hot Beverage company would make up for it and vice versa in the summer.
Diversification therefore works by offsetting losses in one investment with gains in another.
