James Glassman

Could the typical small investor have discovered a year ago that Enron Corp. was on the brink of disaster? It's highly unlikely. Still, if you looked for the right thing, you never would have bought Enron stock in the first place. The right thing is cash. The earnings...

To many investors, the lesson of the Enron scandal is never to trust a company's earnings reports and balance sheets again. But that's nonsense. Yes, there are unscrupulous corporate managers and auditors out there, but the best way to protect yourself is not to dump...

It was Ronald Reagan who said that "economists are people who see something work in practice and wonder if it would work in theory." I think this is a wonderful quote. And what is working in practice -- or has been working for the last two decades -- has been the U.S....

When shares of Enron plunged from $84 earlier this year to practically zero, thousands of the company's employees lost not just their jobs but also most of the value of their 401(k) retirement accounts. For the average employee, Enron stock represented three-fifths of...

In the next few days, the Wall Street Journal will announce the results of its Investment Dartboard contest for the second half of 2001. In the competition, Journal editors ask four market professionals each to choose a single stock for the six months ahead. Their...

Leafing through a recent edition of the Value Line Investor Survey, an excellent research service with a track record for prudence and accuracy, I ran across what looked like the perfect company. Its profits were rising strongly and consistently. It had a solid...

Unlike Emma Bovary and Scarlett O'Hara, Erin Brockovich is a real, live person. She's a 41-year-old mother of three with a gift for publicity. Julia Roberts won an Oscar playing her in the eponymous movie about a legal assistant who got 650 prospective plaintiffs...

First, a confession. Nearly 20 years ago, when I was in my mid-thirties, I got a chance for the first time to manage my own tax-deferred retirement portfolio. I was confronted with the same choices as the 42 million Americans who now have 401(k) plans and the millions...

The Sept. 11 terror attacks have spawned a new clich

Mary Kay Ash, one of America's great entrepreneurs, died Thanksgiving Day at 83 in Dallas. She was 45 when she started a company (with just $5,000) to sell cosmetics through home and office demonstrations by sales reps - the best of whom were awarded pink Cadillacs....

Warren Buffett, who was probably the greatest investor of the 20th century, is fond of quoting the salacious actress Mae West as saying, "Too much of a good thing can be wonderful." In the market, such a motto would lead you to avoid diversification and instead...

In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will go up or go down. Over the long term, stocks generally rise at a nice pace. History shows they...

You may know Jim Jubak from his frequent appearances on CNBC. Jubak, the senior markets editor at MSN Money, holds a core investing principle: the conventional wisdom is always wrong. Suffice it to say that this guy has an independent streak, which is a great virtue...

To many critics of President Bush's energy plan, the cause of today's energy problems, particularly rising gasoline prices, is something called "price gouging." And what is that? "We know that big oil has played a role in the price spikes and we know they are making...

"Holy Cow!" That's the polite version of my exclamation when I heard that the US economy grew by 2% in the first quarter of this year. This rate of growth is really nothing special, usually not cause for excitement, and not even close to the rapid growth of the late...