Thiel Says Market Returns May Sour Young Investors on Stocks

Poor market returns over the past decade may sour younger clients on equities, said Bank of America Corp.’s John Thiel.

“We’re at risk of losing an entire generation as investors,” said Thiel, who heads U.S. wealth management and the private banking and investment group at Bank of America’s Merrill Lynch unit. “They’ve been through 10 years of not-so-sterling results.”