Professor Buffett Slows Down

With the market's rapid turnaround, many investors who were wary of the environment are now kicking themselves for not jumping in earlier. However, although the recent rally has been stellar, this does not mean that investors should be taking on excessive risk in hopes of catching up.

On the contrary, with the longevity of this rally still very much up in the air, investors would do better by spreading their assets across a broad number of strong sectors and asset classes. Like Buffett, this strategy may not lead to the biggest jumps, but it will ensure that you will not be left in the dust in the event of another gut-wrenching downturn.

Over the long haul, slow and steady will win this race.

-- Written by Don Dion in Williamstown, Mass.