Gerd Riesselmann, author of the Randomized Blogroll Plugin, which is a plugin that

reads an OPML-file containing your feed supscriptions, extracts a customizable number of items from it randomly, and displays them. OPML-files can be exported from nearly every modern feed reader. For performance purposes, the result is cached and only updated after a user defined time.

has written a detailed tutorial on how to create a functional “Links” page on your WordPress powered blog. With this, you can have a page with links to all the blogs you read on a daily basis. A seperate page may be much better if you have way too many links, and you don’t want to clutter the main page of your blog with that long a list.