Why diversify when Enron was doing so well. It was so much more complicated than was explained on the evening news. And began much earlier than January 20, 2001.
Not everyone had a choice. Those who were royalty holders on minerals property where EOTT, an Enron subsidiary, was the purchaser also lost money.
I was a very small creditor in that situation, so I can imagine what larger holders, companies and individuals, lost. Because I was a small creditor to the BK company, I got a letter that said "good news!" You'll get paid first, without having to go through the class action suit!
They owed me $800, I got a check for $16. Since I didn't even know I had that claim, it's not the reason I have so much animosity towards the people who brought Enron down. The people involved, particularly Fastow, had been doing this for many years - and it finally caught up to them.