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:
“A transition from an author’s books to his conversation, is too often like an entrance into a large city, after a distant prospect. Remotely, we see nothing but spires of temples, and turrets of palaces, and imagine it the residence of splendor, grandeur, and magnificence; but, when we have passed the gates, we find it perplexed with narrow passages, disgraced with despicable cottages, embarrassed with obstructions, and clouded with smoke.”
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“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
—Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)