"Naive" might be better. History is full of financial balloons that promise quick riches, and more thoughtful people are careful about it. We don't see a lot of statistics on those who didn't jump on the tech bandwagon, but kept their portfolios steady in the face of the quick-score tempation. A lot of people who got burnt at Enron were not legally required to hold as much Enron stock as they did. They were trying to get rich.

My late mother-in-laws portfolio avoided a lot of the glamour stuff and did pretty good over the past year or two. I wish I had been as smart. Hindsight is wonderful.