It is generally good practice in most situations to adopt publicly known and well-established encryption algorithms such as the AES. Some people might argue that this approach is akin to ‘putting all of your eggs into one basket’ and is inherently risky since, if a serious flaw is found in AES, then the implications could be disastrous.
Answer the following question(s): 
Although diversity can be a good thing in many aspects of life, explain why it is not necessarily good when it comes to use of encryption algorithms. 
How should we mitigate against the risk that a leading encryption algorithm, such as AES, does get unexpectedly broken in the near future? 

Fully address the question(s) in this discussion and provide valid rationale for your choices by substantiating your thoughts with credible sources that are properly cited and referenced.