Stocks, we have been told again and again through the years, are the best long-term investment. Prices go up and they go down, but give stocks enough time and they deliver returns that trounce those of bonds, real estate, commodities or any other asset class.
Ha! you say. Have you checked your 401(k) balance lately? So can stocks possibly still be the best long-run investment? Somewhat surprisingly, the answer turns out to hinge on what you mean by best and what you mean by long-run. [Hat tip to FinanceProfessor.com]
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