Catching Up With . . . Quincy Krosby of The Hartford

So, keep the portfolio diversified, all asset classes, stay that course all the time? Stay that course, yes. If you take a look at the best returns, you know they come from some of our leading universities, endowments, pension funds; they are always diversified across every asset class. Of course, they rebalance accordingly. What happens is the emotion is taken out of the equation so you don't have to wade through your emotions to get yourself into one particular asset class–it's almost automatic. So, again, when the professional investors see something that we just don't see, and many times they don't even know that other investors are seeing it, but for some reason a particular asset class sees a liquidity-driven rally and sometimes a more sustainable rally, the client should already be in that particular asset class. It doesn't mean that every part of that portfolio is going to be performing well. But over time it works.

Do you see opportunities long-term coming out of Hurricanes Rita and Katrina? Absolutely. You are going to see a major rebuilding effort. You'll hear speculation that people have left, they've left for good, but one thing we know: when things start turning up, and they will, you're going to see people going back, you're going to see new people going down to that region because of jobs that are created as a result. What you'll eventually see is a kind of positive momentum. Obviously, we've all read about the logical sectors that will be positively affected, but that will all lead to the economy doing very, very well. I think it's going to be major stimulus for the overall economy in the U.S., not to mention the local ramifications.