Diversify with few shares

In my opinion, you can diversify at these levels:

Local (by headquarters, by turnover)

By currency

By industry

By company size (influences volatility)

I try to have as little overlap as possible in several areas in order to keep my portfolio robust.

Example:

$DRO (-0,66 %) and $PARRO (-1 %) : Similar industry, so both are driven by the same news, but have different locations and currencies.

$CACI (-0,14 %) Also has some correlation with the two, but is mainly dependent on the movements of the US military.

$8001 (+1,2 %) As a boring anchor

$SL (-0,05 %) As a "real" luxury play to profit from rising inequality and to have more euro/Italy in the portfolio.

$GRE (+0,09 %) Because I see great potential in Greece, see old post