Why do financial advisors tell their clients not to “put all your eggs in one basket”?

They tell their clients not to pull all their eggs in one basket because it means that one should not concentrate all efforts and resources in one area as one could lose everything. They don’t want their clients to risk it all.

the president has the power to appoint federal judges, ambassadors, and other "principal officers” of the united states, subject to senate confirmation of such appointments.

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