ergophobe - 5:54 pm on Aug 14, 2013 (gmt 0)
I link out like crazy. I don't use nofollow.
1. Link out like crazy.
Yes, you bleed page rank, but you also become part of a link neighborhood that helps determine relevancy.
2. Don't use nofollow.
I can't imagine why I would nofollow a link that I have editorially placed on the page. What is the point of that. Years ago Google plugged that hole in the PR algo where a nofollow link didn't leak page rank. So if you have ten outbound links, it doesn't matter in terms of PR whether they are nofollow or not. But nofollow is essentially saying "I don't know and trust this resource, so don't count me as part of that link neighborhood." As per #1, I don't want to do that.