Fairly common to hear folks gabbing about how great a stock they own has performed. Common, too, having missed out on the run to the peak, the schadenfreude of those who avoided the downfall of former big winners. A recent example, we all might like to have seen our individual portfolios achieve gains like the shares in Facebook have seen since the company’s IPO in 2012. But, with this latest swoon yet another example, there’s been more than a bit of drama in the course the shares took to arrive at their current level. We think that’s true for all individual stocks and find that portfolio diversification in all its forms, while offering no guarantees, helps to avoid such duress.