That strikes me as a really bizarre argument. The price of a single share is utterly irrelevant to the risk of an investment. Whether you own 200 shares @ $25

That strikes me as a really bizarre argument. The price of a single share is utterly irrelevant to the risk of an investment. Whether you own 200 shares @ $25 or 10 shares @ $500, a 10% drop in the stock price is a 10% in the stock price. Microsoft stock is up 25% over the last 5 years. The NASDAQ is up 56%. Apple is up 160%, even after the large drop over the past year. Microsoft currently has a P/E of 16, Apple has a P/E of 10.