I said in my comment specifically Note that I am not suggesting stocks outperform bonds on a risk adjusted basis. It seems your whole comment assumes the con

I said in my comment specifically Note that I am not suggesting stocks outperform bonds on a risk adjusted basis. It seems your whole comment assumes the contrary as it opens with If stocks really grew faster than bonds (outside of risk). This assumption is simply not true. However, given your comment, would you suggest an investor invest in stocks at all in a buy and hold strategy (as opposed to merely speculation on the price being low at the moment)?