I am glad that you and your family did well with your savings plans (I assume you did not make a fortune in Berkshire).
However just think of how many other "horrible" things the world could have been saved from, besides JDSU, if no one ever wanted risk their money and opted for safe investments instead. There would be no internet, no computers, no software, no mesage boards and no chat. Only shaving supplies, soft drinks, bricks and ample insurance policies.
To use Buffett's space exploration comparison, I applaud the effort, but I'll skip the ride. My criticism of tech bubble investments has nothing to do with innovation and invention, and everything to do w/capital stewardship and misalignment of owner and managerial interests, not to mention prices that were (and may still be) insane.