I feel* like having to chase returns in an increasingly expensive equity market is a form of avoiding being a sucker. "Only a sucker" would let cash sit in a ba

I feel* like having to chase returns in an increasingly expensive equity market is a form of avoiding being a sucker. "Only a sucker" would let cash sit in a bank and let inflation eat away at its value or even invest at risk-free rates. This is a bit institutionalized, for example, with housing prices. Anecdotally, I know people who make great salaries but can't manage to save up for a place close to work. I was part of that for years until my bitcoin investment solved that problem quick. The point is that if anything is a moral hazard that encourages avoiding being a sucker, it's this. * I don't have clear examples