Guidelines for Investing

by | Aug 12, 2002

If you are having a tough time deciding whether to dump a stock you own, don’t despair. You aren’t alone. In investing, nothing is harder. Nothing. Some people offer a simple formula — such as, always sell a stock if it has dropped 20 percent or if it has risen 100 percent or if its […]

If you are having a tough time deciding whether to dump a stock you own, don’t despair. You aren’t alone. In investing, nothing is harder. Nothing.

Some people offer a simple formula — such as, always sell a stock if it has dropped 20 percent or if it has risen 100 percent or if its price-to-earnings ratio (P/E) gets above 30. Sorry, but my views are a little more complex. Here are my guidelines:

Ambassador Glassman has had a long career in media. He was host of three weekly public-affairs programs, editor-in-chief and co-owner of Roll Call, the congressional newspaper, and publisher of the Atlantic Monthly and the New Republic. For 11 years, he was both an investment and op-ed columnist for the Washington Post.

The views expressed above represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine. Capitalism Magazine sometimes publishes articles we disagree with because we think the article provides information, or a contrasting point of view, that may be of value to our readers.

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