If the Cracker Barrel market puke has anything to teach Wall Street, it’s that investors who are deciding where to put their money must add corporate “wokeness” to their menu of risks to digest. In fact, making “woke” an investing risk factor — in some cases as important as the direction of interest rates and inflation — seems so obvious that I hesitated to write this column. Recall Bud Light’s Dylan Mulvaney fiasco, or Target CEO Brian Cornell’s recent exit following his ill-fated obsession with DEI. Wokeness is generally defined as subjecting the culture and business to left-wing dogma involving...