Comment Re:Billionaire. (Score 1) 418
Anyone who invests "substantial portions of their life savings" on the stock market is gambling, and in this case they lost. What would be the response if "mom and pop" had put everything on the roulette table? They would be pilloried as idiots, and rightly so. Would you still be outraged that they won't be getting their money back? I thought not.
This is no different. The only safe way to invest in the stock market is to distribute your risk: different companies, different industries, and a lot of time. Any other strategy may occasionally pay off, but too many people listen to the siren song of the quick buck.