Hurricane Katrina, the biggest disaster to hit New Orleans in at least 75 years, and Hurricane Rita, which caused probably the worst traffic jam in U.S. history, preoccupied the nation and the world.
But a truism kept occurring to me all through the storms: Those who prepared got off relatively cheap. Those who had an evacuation plan, plenty of canned food, flashlights, medicines, and batteries got away from the storm or weathered it while others struggled.
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I don't see much contradiction in what Stein is saying. He has several recommended portfolios. He is a slice and dicer. And he seems to realize there isn't only one way to do it.
BTW His aggressive income portfolio is
20% Cohen and steers Quality Income RQI
20% John Hancock Patriot Prem Div PDF
30% Ishare's TIPS
30% Pimco Corporate Income Fund PCN
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