[[Start here]] → [[Sources]] → Evans & Archer --- Evans and Archer wrote the first classic text analysing the diversification impact of adding more stocks to a portfolio. Read my thoughts on this paper in - “[[owning just five stocks significantly reduces portfolio volatility]]”. You can find the original paper on JSTOR - [Diversification and the Reduction of Dispersion](https://www.jstor.org/stable/2325905) ![[evans-archer.png]]