I have read a study that looked at the millionaires in the US and amazingly small percentage kept their money in stocks. Interestingly even the ones made money in stocks kept it in private businesses (like clubs, lumber yards etc) and real estate both residential and commercial, cash and gold. Anyone can point me to a similar study of web-site? Google comes up blank.... P.S. I need it for my "Market survival for morons" - 'book' P.P.S. Buffett is a real white elephant according to this study...read this doc file to see why....