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 novel is the one bright book of life. Books are not life. They are only tremulations on the ether. But the novel as a tremulation can make the whole man alive tremble.”
—D.H. (David Herbert)
“Ideas are only lethal if you suppress and don’t discuss them. Ignorance is not bliss, it’s stupid. Banning books shows you don’t trust your kids to think and you don’t trust yourself to be able to talk to them.”
—Anna Quindlen (b. 1952)
“All books are divisible into two classes: the books of the hour, and the books of all time.”
—John Ruskin (1819–1900)