The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: Jorj X Mckie who wrote (474)	1/18/2002 11:36:47 PM
From: greenspirit	Read Replies (1) of 3602

Investing in stocks is risky business. I would venture to guess the employees at Enron received some kind of basic introduction regarding 401K investment decisions during their indoctrination process. If they were foolish, and or greedy enough, to leave all of their money in Enron, then they took the risk and got burned. Someone else made money when the stock collapsed. For every loss there was a win. For every broke investor, there is a wealthy short trader. That is what stock investing is all about. Anyone who doesn't understand this concept, and accept the consequences, should not hold stock. We are now supposed to feel severe anguish over stock investors who held hundreds of thousands of dollars of stock (on paper) and lost it. We are supposed to feel anguish for people who took the risk and lost their money. They didn't lose their home, they didn't lose their life, they didn't lose their health. They lost their money, and many also lost their job. Enron stock steadily fell over a year long period of time. It didn't collapse over night. Some employees who didn't respond to what was happening and sell their stock, probably believed they had a smart inside track on business. They were wrong. Employees at Cisco have probably seen a similar loss of financial capitalization. As a Cisco investor, I know I've lost plenty. It's a risk I took. I accept the consequences of my decision. The employees at Enron should do the same thing. If something illegal happened that's one thing. But I refuse to feel sorry for people who lost hundreds of thousands of dollars because they took the risk and failed. Would we be calling foul if they won and retired at 30? I don't think so. I'm glad to see thousands of Microsoft employees millionaires at the age of 30. They took the risk and won! It's what makes stock investing such an exciting, yet dangerous hobby.

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