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,...

Stock Picking Systems: Price to Sales and Discipline

A stock-picking system that can consistently beat the market has always been the Holy Grail of investors - desirable, tempting, but unobtainable. Investing just couldn't be that easy. But a few years ago, James P. O'Shaughnessy, a financial adviser and quantitative...

Scour the World for Stocks

In the good old days, foreign stocks provided balance. Typically, if U.S. stocks were having a bad year, non-U.S. stocks would be having a good year. One study found that for the 25 years between 1970 and 1995, foreign stocks beat U.S. by a wide margin in 12 years,...

SEC Should Support Markets and Not Central Planning

Harvey Pitt had to go. He had lost the credibility to run the Securities and Exchange Commission. Now, President Bush should move swiftly to replace him. The SEC has too much on its plate for dawdling. What the country needs is someone who has the guts and stature to...

Investing Strategy: Swap Up

You probably know the old joke: "How do you make a small fortune in the stock market?" "Start with a large fortune." After three years in which the market has lost between a third and a half of its value (depending on your favorite index), this bit of humor hits too...

Why Stocks Don’t Stink

"My message is as follows: stocks stink and will continue to do so until they're priced appropriately, probably somewhere around Dow 5000, S&P 650, or Nasdaq God knows where." That's what Bill Gross, the usually mild-mannered managing director of Pacific...

Read Our Lips: No Tax Increase

At a time when more than 8 million Americans are unemployed, business investment has stalled and the recovery is still tentative, Congress is considering a tax hike. Even more surprising, the misguided proposal is sponsored by Republican Rep. Bill Thomas of...

Investing: One to Grow On

Now in his 12th year, Will Danoff is running Fidelity Contrafund, and, as usual, he is running it brilliantly. In 1996, I conducted one of those exercises to which idle minds are often prone, attempting to find the best core mutual fund - that is, a fund that could be...

Investing: The Debt Bet

If you're thinking of bailing out of the stock market, you're not alone. Frantic investors are moving their money out of stocks and into bonds and money-market funds - that is, out of equity and into debt. Investing demands choosing, and, instead of owning pieces of...

Investing: Stop the Dumb Bond Jokes

In what may be the best signal yet that the stock market has hit bottom and is on its way back up, this week I am going to write about bonds. Regular readers know that I am not fond of bonds as long-term investments. History has convinced me that they return far less...

Guidelines for Investing

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...

Un-bear-able Deals: When Bears Turn “Bullish”

For years, Grant's Interest Rate Observer was noteworthy for being both exceptionally witty and consistently wrong. Times have changed. The newsletter, edited by James Grant, who has written wonderful books on such topics as the life of Bernard Baruch and the history...

Living Through a Bear Market

As the stock market falls for the third straight year -- something that hasn't happened since 1941 -- I get asked three questions: 1. When will it end? 2. Why is it happening? 3. What should I do? The third question is by far the most important, and the answer is...

Bear Market Performers

America's stock market has lost a fifth of its value since mid-March, and shares in other countries haven't done much better. But on Wednesday, July 17, while the Dow Jones industrial average was falling 283 points, 87 stocks on the three major U.S. exchanges were...

The Prudent Speculator: Frank Investing Advice

Al Frank, who died of cancer April 25 at age 72 in Carmel, Calif., was one of the very best stock pickers in America. He never sought the spotlight and few investors recognize his name, but he deserves a place in the investing pantheon with gods like Warren Buffett,...

Don’t Be Seduced by the Beautiful Line in Investing

When you own a stock, you become a partner in a business. And the most important characteristic of a business -- a good one, anyway -- is that it grows. Over time its revenue and profits rise, and your stock becomes worth a lot more. The prospect of strong growth...

After Enron: The Cure is Worse The the Disease

After any breakdown of a public institution, politicians feel the urge to "fix" things so it doesn't happen again. Often, however, the cure is worse than the disease. That's the case with the proposed remedies following the collapse of Enron. Why does Congress need to...

Analyze This

For the past 10 months, the attorney general of New York, Eliot Spitzer, has been investigating Merrill Lynch & Co. Although he hasn't charged anyone with a crime, he has accused the firm of misleading customers by hyping stocks to win investment-banking business;...

Japanese Stock Growth?

A visitor to Tokyo just can't believe that this is what a decade of stagnation looks like. Restaurants are full, shops are bustling, construction cranes are all over the place. Yet on Thursday, a government report showed that Japan's economy had "contracted by a real...

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