From Josh Brown: http://thereformedbroker.com/2014/11/06/thirty-second-course-on-asset-allocation-2/
Josh cites Jeremy Siegel's classic "stocks for the long run" which argues, that over any 30 year period, stocks virtually always beat bonds. Still this doesn't mean that everyone should be 100% stocks - a topic that I've blogged on quite a bit over the years. You can see my old posts here:
http://financeclippings.blogspot.com/search?q=stocks+for+the+long+run
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