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Ibbotson: Asset Allocation Did Not Fail

The Ibbotson Associates founder and Yale professor says diversification did work in 2008. Plus, get his outlook for stocks today.

Christine Benz: Hi, I'm Christine Benz for Morningstar. I'm here at the Ibbotson Conference. It's early in the conference, but we already have lots of exciting takeaways. I'm here today with Roger Ibbotson. Roger is chairman and chief investment officer for Zebra Capital. He was also founder of Ibbotson Associates. He's also a professor at the Yale School of Management.

Roger, thanks for being here today.