A Challenging Year Ahead For The S&P = Opportunity For Active Investors | Dave Iben

Published in 1957, 'Atlas Shrugged' is Ayn Rand's magnum opus and her longest novel. The story is set in a dystopian United States where increasingly burdensome laws and regulations strangle innovation and productivity. The plot follows Dagny Taggart, a railroad executive, and Hank Rearden, a steel magnate, as they struggle against 'looters' who exploit their work. A mysterious figure named John Galt leads a strike of productive individuals, persuading them to abandon their companies and disappear. The novel culminates with Galt's three-hour radio speech explaining his philosophy of Objectivism, which emphasizes rational self-interest, individual rights, and the importance of the human mind. The book explores themes of capitalism, property rights, and the failures of governmental coercion, presenting a provocative vision of a society in collapse and the potential for a new capitalist society based on Galt's principles.

Published in 1943, 'The Fountainhead' by Ayn Rand tells the story of Howard Roark, a young and innovative architect who refuses to compromise his artistic vision despite the opposition from society. The novel explores themes of individualism, egoism, and the conflict between those who think for themselves (the 'first-handers') and those who follow the opinions of others (the 'second-handers'). It also delves into the lives of other characters such as Dominique Francon, Peter Keating, Ellsworth Toohey, and Gail Wynand, each representing different aspects of Rand's philosophical ideas. The book is a defense of egoism and individualism, presenting a radical rethinking of basic moral concepts and challenging conventional notions of selfishness and altruism.