Ron Baron says cash is quietly losing the race

Ron Baron says the math against idle cash is brutal.
If purchasing power falls by 4% to 5% per year while the economy keeps compounding, savers face a constant headwind.
Prices can double every 10 to 12 years.
That means cash can lose roughly half its real value within about 15 years.
The uncomfortable takeaway is simple: cash may feel safe in nominal terms, but it is not safe in purchasing power terms.
The system keeps pushing capital toward risk assets because standing still slowly becomes a loss.