Sounds like many an article I have read, or skimmed really. I can't tolerate them!
That said, I have exactly zero dollars invested in stocks. Once upon a time I did. When I really needed it, which was at the same time a great many of us needed it, it wasn't there. Also, no matter how I tried to find mutual funds that invested along my lines of interest, a year or two later I would find lots of stuff I couldn't condone in my protfolio, such as war and medical stocks. I don't have the interest to research individual companies for myself.
RE: Shock report informs us that many people in Congress own STOCKS!