I recently came to understand that even the S&P is a collection of “winners”. The list continually changes as the fortunes of companies rise and fall. Of course it is a much better measure than the DOW.
Your post kind of confirms by belief that no one asset class is the “sure bet” over the long term. But popular opinion seems to be that stocks are. Some would look at the bull market in stocks and point to the influence of the invention of the 401k and IRS tax deferred gains. It reminds me of the recent “can’t miss” housing investment scam fueled not only by government encouraged low rates and lax lending standards but government encouragement via the 500K tax free gain on profits from selling your house.
Seems like the “best” investment class is a moving target.
