James Glassman

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 Multifront Attack on Business Hero Elon Musk

The attacks on Elon Musk seem like something straight out of an Ayn Rand novel. The successful and innovative entrepreneur is attacked on all sides by institutions and people who live off the system rather than innovate around and beyond it. 

Review of Free Market Revolution

How Ayn Rand’s Ideas Can End Big Government by Yaron Brook and Don Watkins

Oil Company Profits and The Senator From Windfall

Of all the politicians complaining about the profits and practices of America's wicked oil companies, few can top Sen. Maria Cantwell (D-Wash.). Among her latest ventures is a demand that the oil company executives who testified Nov. 9 be brought back to the Senate,...

Stocks Can Mean Cash

The stock market has been rising impressively, but practically all I hear these days are complaints about low interest rates. Readers lament that they can make only three-quarters of a point in a money-market fund such as Merrill Lynch Ready Assets, or just 1.3...

Revisiting the Efficient Market Hypothesis

Over the past few months, the stock market has put on one of those frequent demonstrations that show exactly why smart investors buy stocks and hold on to them -- or, better yet, why they consistently buy more. The economic news has not been good, with unemployment...

Investing in Technology Services

Our story thus far. . . . After rising from 777 in the summer of 1982 to more than 11,000 in the spring of 2000, the Dow Jones industrial average declined for three years in a row, descending to 7524 on March 11, just before the start of the Iraq war. Then stocks...

Moats and Investing

"All happy families resemble one another, but each unhappy family is unhappy in its own way," wrote Tolstoy in "Anna Karenina." You could say the same for stocks. All happy stocks are pretty much alike, while unhappy stocks lose their value for all sorts of reasons -...

A Big Fat Target: From Parody to Reality

Six years ago, after tobacco companies agreed to settle lawsuits filed by the states, the Wall Street Journal published what seemed at the time to be a hilarious parody by Mark Bernstein. It was titled "A Big Fat Target." The parody claimed that junk food sellers...

Spring Cleaning Your Investment Portfolio

The war is over, the hummingbirds are back, the dogwood's blooming white and pink. It's spring, and, after a long, hard winter, it's a refreshing and comforting change. So it's time to give your investment portfolio a thorough spring cleaning. Get rid of the mess,...

Business Magazines Go Left-Wing

"Have They No Shame?" screamed the headline of the cover story of one of the magazines, adorned with a picture of five ravenous pigs eating cake amid piles of money. The subhead: "Their performance stank last year, yet most CEOs got paid more than ever. Here's how...

Business Magazines Go Left-Wing

"Have They No Shame?" screamed the headline of the cover story of one of the magazines, adorned with a picture of five ravenous pigs eating cake amid piles of money. The subhead: "Their performance stank last year, yet most CEOs got paid more than ever. Here's how...

It’s a Gas

Although he's in Houston and I'm in Washington without one of those phone cams that the Iraq war made famous, I can see Marshall Adkins jumping up and down with enthusiasm. "Rigs are going to go berserk for the next five or six years!" "Gas is going to be five, six,...

Fund-amentals

Mutual funds, which were invented roughly 80 years ago and have boomed in the past decade, are a triumph of financial democracy. They give small investors access to the sort of money managers who once worked exclusively for the wealthy. Funds also offer broad...

Rules to Live By

Enron, Tyco, WorldCom, now HealthSouth. Will the scandals ever end? Frankly, no. There are more than 6,000 companies listed on the Nasdaq and New York Stock Exchange alone, and a few always will be led by unscrupulous managers who lie, cheat and steal. The U.S. has...

Shareholder Values

As the season for annual meetings begins, activists are presenting shareholders with resolutions seeking social change and better corporate governance. A few of the proposals have merit; most are obnoxious but harmless. And nearly all will be rejected - mainly because...

A High-Tech Agenda for AIDS

The entire op-ed page of the New York Times on March 1 was consumed by six pieces under the general heading, "The New AIDS Fight." So far, so good. But take a look

Can Individual Investors Beat the Market?

Among financial scholars, it's an article of faith that the vast majority of investors can't beat the stock market regularly. According to the traditional academic literature, if you invest long enough, spread your money around in a diversified portfolio, and hang on...

Victory Not Enough: We Need Tax Cuts Now!

Three months ago, President Bush proposed reviving the economy with a package that would cut the tax bills of 92 million Americans. The president has had other things on his mind since then, and the opposition of only a few Senators pared the package back in the...

CNN’s Sins of Omission

I was shocked and disgusted by an op-ed piece I read today in the New York Times. No, it wasn't by Paul Krugman. It was far more serious: Eason Jordan, chief news executive at CNN, revealing what the headline called "The News We Kept to Ourselves." The news concerned...

Dreaming of Bonds

Last year, investors pulled $25 billion out of stock mutual funds and added $125 billion to bond mutual funds. You can hardly blame them. It's scary out there, and, as war nears, it's getting scarier. My view, as readers of this column have heard many times, is that...

‘Multilateralism’: A Dangerous Obsession

As war nears, it's become clear that two of its instigators are Jacques Chirac, the president of France, and Hans Blix, the chief United Nations weapons inspector. If Chirac had stood with the United States and other nations in enforcing Resolution 1441 immediately...

War with Iraq, the Economy, and the Stock Market

The question I get asked most these days is, "What will be the effect of war with Iraq on the economy and the stock market?" It's a fair question, but it is also disturbing. That's why I was grateful when, during a live discussion Feb. 26 on washingtonpost.com, I...

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