Dow 36,000

In 'Dow 36,000', James K. Glassman and Kevin A. Hassett present a provocative argument that stock prices are undervalued and could double, triple, or even quadruple in the near future.

They contend that investors have been valuing stocks incorrectly, using outdated methods such as the price/earnings ratio.

The authors propose a new model for valuing stocks based on their potential to generate cash for investors.

They also provide practical advice on investing strategies, emphasizing the importance of a long-term, disciplined approach and diversification.

The book predicts that the Dow Jones Industrial Average could reach 36,000, although they acknowledge this could take about five years to achieve.