Wednesday, October 01, 2008

Quote of the Day

"I have not looked at any of my holdings and don't intend to. I don't want to be tempted to jump because I think I'd be more likely to jump in the wrong direction than the right one. My advice has always been to choose a sensible diversified portfolio and stop reading the financial pages. I recommend the sports section."

Quotation attributed to Richard Thaler, professor of behavioral science and economics, University of Chicago Graduate School of Business.

Young, Lauren. "Where the Pros Are Putting Their Own Money." Business Week, October 6, 2008.