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 represent those of the author and not necessarily those of Capitalism Magazine.
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