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So K and J have been reading lots of books and articles in the area of financial economics and wealth. Some of the readings are more philosophical than others. A few have been radical and aggressive and a few others have been conservative and defensive. Taken as a whole they have led us to a number of questions such as: Does the stock market create wealth? Does our stock portfolio create wealth? If our very well diversified stock portfolio is valued at $X today can we be confident that it will be worth at least $X (in real, inflation adjusted terms) in the long run (say 10 to 40 years)? (Assume no additions or withdrawals and all dividends are reinvested.) Your thoughts are appreciated. I hope these questions are at least a bit intriguing to some of you as there are to us. J