Review
Kevin A. Hassett James K. Glassman
"Every stock owner should read this book."
--Allan H. Meltzer, professor of political economy,
Carnegie Mellon University
"While there will be bumps--maybe big ones--along the way and the road
may be surprisingly long, Dow 36,000 offers superb advice. With an
eminently readable style, the authors present sound and simple wisdom about investment principles, mutual fund selection, index funds, and asset allocation.
I am impressed!"--John C. Bogle, senior chairman, The Vanguard Group
"Glassman and Hassett's ideas are timely and thought-provoking. Either we are in a bubble with inefficient financial markets, or else past
theories on stock prices and price-earnings multiples have to be revised. In
every one of my meetings with mutual funds these days, I have to address
the issue of whether stocks are overvalued. Glassman and Hassett's
theories make the solid case that, on average, they are not."
--David Malpass, chief international strategist, Bear Stearns
From the Hardcover edition.
From the Inside Flap
stock owner should read this book."
-- Allan H. Meltzer, professor of political economy, Carnegie Mellon University
* A radically new way to determine what stocks are really worth
* Why the Dow is still poised to zoom
* Why the financial establishment is wrong
* Why stocks are actually less risky than bonds
* How to build a maximizing portfolio and invest without fear
"One of the hottest business books around. . . . It has wonderfully clear explanations of financial theory [and] excellent advice on general investing approaches."
-- Allan Sloan, Newsweek
"It may sound like headline-grabbing sensationalism, but the scholarly and punctilious authors make a persuasive case . . . the book is highly readable and witty."
-- Arthur M. Louis, San Francisco Chronicle
"Dow 36,000 is a provocative and well-written treatise that cannot be dismissed. . . ."
-- Burt
About the Author
James K. Glassman, former financial columnist for The Washington Post and Reader's Digest and the host of PBS show TechnoPolitics and the CNN show Capital Gang Sunday, is a resident fellow at the American Enterprise Institute. He is also a host of www.TechCentralStation.com, a website that covers technology, finance, and public policy.
Kevin A. Hassett is a resident scholar at the American Enterprise Institute who formerly served as a senior economist at the Federal Reserve Board. He received his Ph.D. in economics from the University of Pennsylvania. He is coauthor, with R. Glenn Hubbard, of The Magic Mountain: Defining and Using a Budget Surplus.
