The document describes a finance project that involves advising a client on investing $1 million. It involves calculating risk metrics like beta and standard deviation for different assets, illustrating how diversification reduces risk, and analyzing how correlation between assets affects diversification and risk. The project has three parts: 1) calculate beta and other risk metrics for stocks, 2) create portfolios with different asset allocations to show impact on risk and return, 3) analyze effect of correlation on diversification by comparing portfolios with different correlation coefficients.