It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.
I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution. Take your investment very serious and also have some money for emergency, atleast it can help one to have some relief when money is need to settle some challenge.
Making your emergency funds to be strong doesn't mean one is underrating his investment outcome because emergency funds is a necessity when it comes to anything investment it is what sustain an investment aside the management skills and how discipline someone is so don't get me wrong. Take for example, when pressure of a fluid in a pipe is too much or is excess to the point that the pipe can not withstand the pressure, there is always a relief valve which help the pipe to maintain it state by allowing the passage of fluid, that is what emergency funds does in our investment, whenever there is an emergency the emergency funds is always there to kill or handle the situation and so a case where your emergency funds is not strong enough to handle this situation, you will have no other choice than to dip hand in your investment.