I think your second point is the most valid and hard to argue counter argument. I agree, there are things that simply require more capital than people have in t

I think your second point is the most valid and hard to argue counter argument. I agree, there are things that simply require more capital than people have in their bank. I disagree that diversifying is virtuous unless there is a good reason to. Make the government your customer and your work will always be legal, not so for investors (see: countries "cleaning up" their portfolios, people still use gas though).