BOSTON (MarketWatch) -- A. Michael Lipper, founder of Lipper Inc. and the author of "Money Wise: How to Create, Grow and Preserve Your Wealth," says that investors should "raise their eyes from today's close to tomorrow's needs and the needs of their family 10, 20, 30 years from now." In an interview with Chuck Jaffe, MarketWatch senior columnist, Lipper said the things that have gone wrong with the market are not surprising, but the way they have all happened at the same time has been. As a result, Lipper said, "the old book of plays gets thrown out and you write a new one." That does not mean giving up on investments altogether, Lipper cautioned, because "you do know that you want to score, you do know some of the rules of the game, and you pick your way through." Specifically, Lipper suggested that investors stick with...
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