An investor reading the news this morning was likely dismayed to find reports like this from Reuters: “Wall Street fell sharply on Thursday, with the S&P 500 and the Dow Industrials suffering their worst daily percentage drops in about six weeks.”

In his post this morning, investment professional Ben Carlson writes, "Investors with a truly diversified portfolio are always going to hate something that they own." I love this sentence. It's absolutely true —and not by chance. Diversifying a portfolio means actually planning to have some crappy investment in place at all times.