John Dorfman

For much of this year, consumer discretionary stocks were the best performing group in the Standard & Poor’s 500 Index . With the economy reviving, consumers started to came out of their shells, and investors figured that trend would continue.

When you buy a stock that has been falling, you have the thrill of trying to catch the bottom and strive for maximum gains.

For eight years, from 1999 through 2006, I wrote an annual column about my “Sane Portfolio.” With investors in a cautious mood, it’s time to bring it back.