“So, have we seen any elderly people weeping on network news programs because their savings were wiped out?
Well, I always tell everyone who asks, never put more than 2% of your net worth in any one security. Something unexpected always happens to some company or other. A few years managing money will teach you that both bad and good things can happen, and no one can see them coming.
I completely agree with your investment philosophy.
However, my point was that the media attention lavished on wiped out Enron investors is in sharp contrast to the complete vacuum of attention on wiped out FNM and FRE investors.
Plus, I don't recall anyone claiming that Enron was a “safe” stock” paying a reliable dividend.
And I doubt you’d ever advise anybody to put their money in Freddie or Fannie. Those have been losers for the last two years. Anybody with money left in them SHOULD lose it. And they’ve already lost virtually all of their investment anyways so why at the MSM tears over this?? They don’t know that both stocks are in the $5 range now?