It's time to challenge the definition of investment

If the stock market indices do not show much change over the next few years, many ideas about investing will. A generation of investors has grown up since the last time the markets got stuck in a protracted 'trading range' from the late 1960s through the early 1980s. Investors have grown accustomed to thinking in terms of momentum investing, fully invested stock funds, rising benchmark indices ' the great performance chase.

Imagine how radically that mindset might be altered in a grinding post-bu