Friday, October 10, 2008

New Quote of the Day

I've never been a big fan of financial advisers, but now I'm sympathetic to the hand-holding function they perform.

This isn't the time to be making any major financial shifts, although there is one caveat: I do think all portfolios should hold a tiny sliver of gold. I haven't looked at my portfolio. I only do that every January, when I rebalance.

Burton Malkiel 76, professor of economics, Princeton University; author, A Random Walk Down Wall Street