In today's rocky markets, cash is an asset-allocation choice

Peter Crane, president of Crane Data -- which publishes the Money Fund Intelligence newsletter tracking the performance of money market mutual funds -- says that high interest rates should have investors thinking about where to park and protect their cash, and to treat their cash holdings as an asset rather than an after-thought in the investment plan. He also discusses the likely path of money fund rates based on the Fed's moves. In The Book Interview, Victor Haghani, co-author of "The Missing Billionaires: A Guide to Better Financial Decisions," discusses how bad financial choices have wiped out countless family fortunes that would have grown massive had they just been managed smartly. In the Market Call, George Villere, co-manager of Villere Equity and Villere Balanced funds, talks small- and mid-cap investing.