That is why one has to be diversified. It is one thing be all in on an electric company that you work for. But to be all in on a consumer goods company (technology company), is risky the longer it goes. Technology evolved and they didn’t. If that person bought even half of their retirement in the S&P500, they would have been way way ahead.
A side note for anyone that cares to read. This is an article written by one of the Diamond Princess cruise passengers that contracted the virus.