That's why it's important to use a trusted, reputable advisor with a good portfolio of work if you are not an SME yourself, and being familiar with your wheelhouse so you can see the highs and lows coming and know about industry events. It's also why I said get familiar with 2-3 industries. I agree, all eggs in one basket is not good.
I think the issue with lack of diversification was the boom rode too long and people got complacent, and were thinking too much within a singular vein of commodity investments. The 2008/09 should have been a bit of a warning shot that markets can take an impact - even if it wasn't directly related to O/G. 2014 was the real shock to that singular investment strategy.
There is still much potential in commodities and energy - but it requires learning about things like renewables, mining, and other upcoming integrated companies that may also include things like big data, tech, GIS, etc.
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