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| Subject: Re: The Net Worth of American Households | Date: 1/7/2007 5:27 PM | |
| Author: MacNugget | Number: 19322 of 35437 | |
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Not to detract from your main point, with which I heartily agree, but one turn of phrase rang false to my ears: $500k is merely the size of robustly-constructed, properly-diversified portfolio. Robust construction and proper diversification in a portfolio seem to me to be almost entirely unrelated to the size of the portfolio. $500k can just as easily be "the size of" a poorly-constructed, un-diversified portfolio. By the same token, a $10,000 portfolio can be well-constructed and diversified (albeit in a less manual manner). Whether or not we should expect the average american household to have a net worth topping $500k is orthogonal to your descriptive terms. I think the choice of language in this sentence was crafted to paint a particular emotional picture and I think that your main point could have been better served with less wordsmithing. |
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