[RedStateRocker]

some people will natter "well, they shouldn't have had all their money in Enron". I can only hope that if one of their loved ones is shot/stabbed/raped no one ever says "well, you shouldn't have gone to a 7/11 at night".

[wideawake]

some people will natter "well, they shouldn't have had all their money in Enron". I can only hope that if one of their loved ones is shot/stabbed/raped no one ever says "well, you shouldn't have gone to a 7/11 at night".

A false moral equivalence and a poor analogy.

You can diversify your stockholdings - you can't diversify your body so that you have three fingers going to 7/11 at one in the morning, two legs safely at home, a torso staying at a friend's house, and your arms and head in a secure warehouse facility.

[newzjunkey]

some people will natter "well, they shouldn't have had all their money in Enron". I can only hope that if one of their loved ones is shot/stabbed/raped no one ever says "well, you shouldn't have gone to a 7/11 at night".

Not the same at all. Investments are by their nature inherently risky, going to 7/11 at night generally is not. Who hasn't heard the caution, "don't put all your eggs in one basket?"

Investing 75% of your retirement nest egg in one basket is felony stupid and entirely their doing. No one forced them to make such a idiot decision. Seems they got burnt by their own greed.