Books
His first book, Dow 36,000, was published in 1999, near the peak of the late-1990s stock market bubble.
The book was later criticized by Washington Post reporter Carlos Lozada, who asked, "You don't feel the need to apologize to someone who read your book, went in and got creamed?" Glassman replied, "Absolutely not."
In 2011, in his third book, Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence, he wrote "I was wrong" about his predictions in Dow 36,000, noting that the Dow Jones only went up 20% since publication of the book and returns during the intervening years were only "a few piddling percentage points." In Safety Net, he argued that “the world has changed” over the past decade; that the U.S. relative economic position had declined and that the risk of catastrophic events had increased. He warned investors to adopt a new definition of risk, moving beyond the notion of financial volatility.
His second book, The Secret Code of the Superior Investor: How to Be a Long-Term Winner in a Short-Term World, was published by Three Rivers Press in December 2002. The book focused on the construction of a solid personal portfolio. It offered advice for finding the best individual stocks and mutual funds even in uncertain times and volatile markets.
At the heart of Glassman's "secret code" is the belief that stocks are the best long-term bet there is. The trick is finding solid companies to invest in and then sticking with those companies through thick and thin. Glassman wrote a weekly and twice-weekly investment column for The Washington Post from 1993 to 2004 and since then has written a monthly column for Kiplinger’s Personal Finance.
Read more about this topic: James K. Glassman
Famous quotes containing the word books:
“The books one has written in the past have two surprises in store: one couldn’t write them again, and wouldn’t want to.”
—Jean Rostand (1894–1977)
“All ... forms of consensus about “great” books and “perennial” problems, once stabilized, tend to deteriorate eventually into something philistine. The real life of the mind is always at the frontiers of “what is already known.” Those great books don’t only need custodians and transmitters. To stay alive, they also need adversaries. The most interesting ideas are heresies.”
—Susan Sontag (b. 1933)
“For books are not absolutely dead things, but do contain a potency of life in them to be as active as that soul was whose progeny they are; nay, they do preserve as in a vial the purest efficacy and extraction of that living intellect that bred them. I know they are as lively, and as vigorously productive, as those fabulous dragon’s teeth; and being sown up and down, may chance to spring up armed men.”
—John Milton (1608–1674)