I'm not arguing either perspective but being 59 and out of money looks very different than being 80 and out of money. If you have built up capital and that's how you make your living, you become very dependent on that capital.

I've known people who believed they would never live past 20. I've also known people who want to live to 200. The difference in mentality between the two as well as the different approach to life is large. IMHO, the difference is directly comparable to working for what you need for the day/week vs saving for when you are 80.

Frankly, if you had just enough money to simply retire, would you risk it on employing folks who drink themselves to death, wreck expensive equipment, take responsibility for as little as possible and generally don't care about your bottom line? ... or would you retire?