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francis ,
hindsight is a wonderful thing. Indonesia looked hot in 2009-2010 , but that is in the rearview mirror. Going into 2009 , would you have been able to say for certain that Indonesia would overperform , therefore you should abandon all else?
Diversification would reduce risk ex-ante , never question that. Unless you have very strong opinions and are willing to bet big. Or you are a gambler

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