<prompt> Human: Money Myth: You need to diversifyYouve been told that diversifying your investments means you spread your risk around. If one investment tanks, you still have money in the others to see you through.But most Americans dont have enough money for that kind of diversification, and even if they did, it isnt the best strategy for them, says Chris Miles, cash flow expert at MoneyRipples.com.Diversifying is like buying many brands of TVs in case one of them doesnt work after a few months, Miles says. Shouldnt we research it out first, then buy one TV? Too many people throw money into things they dont understand or care about, he says.Find one or two things that you know a lot about and love ... then invest, Miles says.The Turnaround Kings Cardone agrees. Wall Street loves to perpetuate this myth because then youll need them, he says. Im extremely good at a handful of things, and then I leave the rest alone. A professional ball player, for example, commits to one sport, not many sports. Focusing allows you to hit it out of the park.  <response>: Imagine you didnt diversify and put all your money in Enron. 