"To get the full return of the stock market, you have to invest in all the stocks available, not just your own," says The Wall Street Journal's Jason Zweig.

Enron employees leave the company's Houston headquarters after being laid off in 2001.

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"Enron: The Smartest Guys in the Room"

20 years later, echoes of Enron's energy deregulation in California, Texas

by David Brancaccio and Rose Conlon

Sep 30, 2021

In California, energy companies gamed the markets and ushered in large-scale blackouts in 2000-2001, incidents that have Enron's fingerprints all over them.

David McNew/Getty Images

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Econ Extra Credit with David Brancaccio

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David Brancaccio on "California Typewriter"

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Previewing our November documentary film selection

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It's a multimillion-dollar question

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Inside the secretive market for truffles, one of the world's most expensive foods

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Previewing our October documentary selection

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What the Enron scandal taught us about investing

20 years later, echoes of Enron's energy deregulation in California, Texas

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