As the risk pyramid below shows, the answer is that stocks are riskier. After all, if I have $100 in stocks and $100 in cash, my $100 in cash will still be $100 in cash afterLeo Nelissen is a long-term investor and macro-focused strategist with a passion for dividend growth, high-quality compounders, and structural investment themes. He combines big-picture macro analysis with bottom-up stock research to identify durable businesses with strong cash-flow potential. Leo also writes for Main Street Alpha, wher ...