While I agree with Mr. Still's initial thesis that students should be paying very close attention to the Enron debacle, I feel compelled to point out a few factual errors within the piece.

First, Mr. Still rightly says that Enron's top executives lobbied furiously to prevent employees from unloading company stock, and indeed encouraged them to purchase more. As a result of this campaign, and the company's sky-high stock prices, many employees invested a sizable percentage of their 401(k) plans in Enron stock.

Now, here's the critical issue: Of the total percentage of Enron stock owned by the average employee, only 11 percent was restricted from sale. This chunk of the total stock was delivered to the employees through company matching funds — in essence, for every dollar that an employee put into the 401(k), Enron contributed a dollar in Enron stock.

Matching is very common in the corporate world and is typically a great boost to employees since it adds to investment savings without additional cost to each worker. But the restricted stock was only 11 percent of the total portfolio value (on average). The other 89 percent of Enron stock could have been exchanged for mutual funds or other investments at the will of each worker. Now, I don't mean to imply that Enron employees were to blame for their financial troubles. Enron executives perpetrated a fraud on their employees and should be brought to justice.

However, the true lesson of Enron is that as we prepare to enter the work-force we must all become captains of our own financial ships. Proper diversification, as touted almost every night on financial TV shows, would have prevented the sad fate of Enron's employees. We must all educate ourselves on the basics of investment, and avoid playing the blame game.