Cult of Equities

Brett Arends' recent column in the Wall Street Journal discusses the Cult of Equities, or as Arends describes: the naïve and euphoric belief that the stock market offers a one-way ticket to wealth: "riches for all." Arends discusses the possibility that a generation of investors--both professional and retail--may be starting to realize that stocks are to be cautiously considered for a portion of one's portfolio rather than serving as the dominant asset class. Market volatility is likely a...