Are broadly diversified across a range of investments.

His strategy has centered on equities, broadly diversified to minimize cyclical market and economic risk.

The local economy is broadly diversified among professional, service, and manufacturing jobs.

"You create a really big storage company, $7 billion to $8 billion, that is broadly diversified, reasonably vertically integrated, and well funded," she said.

Secondly, we believe you want to own equities of all kinds to be broadly diversified.

She notes that investors prefer to diversify their own portfolios, rather than buy a company that is broadly diversified.

"In this environment, you want to be broadly diversified," he said.

"So my argument has been that people should stay very broadly diversified."

The portfolio, which contains 120 or so stocks, is broadly diversified among industries and market capitalizations.

Since then, Mr. Allen has broadly diversified his business interests.