Cash, Bonds Or Stocks?

We're probably in ad nauseam territory by now when it comes to the "cash as a viable asset class" narrative. Indeed, we're probably in the realm of stating the obvious. After all, what's not to like about cash in 2023? Riskless US government paper yields 5% or better, and you can get 4% or more in FDIC-insured savings products. Elon Musk likes the idea. T-bills, the centibillionaire inventor-turned political instigator said this month, are a "no-brainer." Musk is running an extreme version of