I find it interesting that much of this advice can be somewhat applied to safeguarding personal assets (including skillset and personal skill marketability) in

I find it interesting that much of this advice can be somewhat applied to safeguarding personal assets (including skillset and personal skill marketability) in preparing for a down market. Many of these safeguards are recommended for individual investors. Diversity of portfolio is always important, but even more-so when a bull market has been on a sustained tear. Being at least somewhat invested in the well-funded can help offset. (YMMV but that's been my experience) Overall it's prudent for Jason to send this to his folks. At the very least it makes them aware of the possibility, if they aren't already, of a down market and puts that thought in the forefront.