James Glassman

The SEC is investigating possible abuses by the “specialist” firms that match buyers and sellers on the floor of the New York Stock Exchange. The probe comes after revelations that the exchange itself had launched an investigation last year that is now...

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!”...

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...

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...

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...

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

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,...

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...

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.”...

Two years ago, journalists – hot for a story – began calling John Banzhaf, the telegenic George Washington University law professor who led the anti-smoking legal crusade from its early stages. “Would tobacco-style lawsuits,” he was asked,...

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...

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...

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...

The following is TCS Host James K. Glassman’s testimony before a hearing on the President’s Economic Growth Proposals before the Committee on Ways and Means of the U.S. House of Representatives. The Honorable William Thomas, chairman, was presiding. Mr....

A friend whose judgment you trust tells you about an interesting stock. Or you read a newspaper article about an intriguing business, or run across one at work or at the mall. Or your dentist tells you that there’s this company that makes a terrific new drill....

One of the consequences of the 9/11 terrorist attacks, the recession, the three-year bear market and the impending war with Iraq is that investors have fewer choices. For example, between January 2000 and December 2002, the number of stocks listed on NASDAQ, the...

What ever happened to Asia? Last time I looked, 3.5 billion people lived there — three times as many as in North America and Europe combined. Asia is the fastest-growing part of the world and already accounts for one-quarter of all global economic output. Yet...

About a year ago, I was a regular on a Santa Monica radio program called “Left, Right and Center.” Arianna Huffington, the protean author and TV personality, was, if you can believe it, the center of our trio. I was the right. Bob Scheer, Los Angeles Times...

Contrary to the impression you may get watching all-day TV stock market shows, investing is not a sport. It’s a serious endeavor – specifically, a means to a better life for you and your family. If you invest wisely, you can acquire wealth for goals such...

What’s worrying the stock market? War. Sure, investors are disappointed that corporate profits have not rebounded vigorously and that the economy grew, just 0.7 percent in the fourth quarter of last year. But those problems, too, are linked to the imminent...

If President Bush gets his way, investors will soon be receiving their dividends tax-free. You’d figure that one sector to benefit would be gas and electric utilities, which through the years have offered consistently high dividends. Right now, the average yield...

The name “Glassman” has been popping up a lot lately. And it’s not just me and my family. In fact, with the exception of my brother, the illustrious Washington veterinarian, I am not related to any of the recently famous Glassmans, who include such...

For the past 20 years, a newsletter based in Annandale, Virginia called the Hulbert Financial Digest (866-428-6568) has been keeping track of the performance of other newsletters. Of the original ones it monitored, only 17 remain, and, at last count, the model stock...

When I heard that President Bush was proposing to eliminate the double taxation of dividends, I immediately exclaimed, “Arf!” I was thinking of the Dogs of the Dow, those high-yielding blue chips that gained notoriety nearly a decade ago. If it becomes...