Bitcoin maximalists have been selling the value of Bitcoin as a potential investment portfolio diversifier, but increasingly there are very few, if any, assets which can effectively diversify a portfolio.Students celebrating the fact that they were able to read the building sign reached new heights. (Photo by Vasily Koloda on Unsplash)To Meghan Reid, her college application strategy made absolute sense \u2014 after all, hadn\u2019t her Mom told her not to put all her eggs in one basket? So rather than have her hopes and dreams dashed by not being able to get into her top choice college, Reid, a senior at New York City\u2019s Stuyvesant High School used a complex algorithm to determine how best to stretch her limited college application resources as far as possible.Instead of focusing her efforts on writing one inspired college admissions letter, she would build a generic template and then tailor specific points for what she thought the college admissions staff would want to read.Armed with the knowledge that the admissions rate into some of the top schools she was gunning for was around 4% to 5%, she spread her bets amongst the top colleges in the United States, calculating that the odds of at least one college accepting her were close to certain.Reid was so confident in her strategy that she didn\u2019t even bother with a so-called \u201csafety school\u201d \u2014 one whose admission rate was so high that the statistical odds of her getting in were more or less assured based on her projected GPA.So imagine Reid\u2019s shock and horror when she was rejected by every single college she applied to.But it\u2019s not that her grades were bad, they were decent (though not outstanding) \u2014 her decision to hedge across a broad swathe of top colleges without focusing on what she really wanted meant\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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