24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily Paperback – Jan 3 2000
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In 24 Essential Lessons for Investment Success, the founder of Investor's Business Daily and author of How to Make Money in Stocks, William O'Neil, distills his 40 years of experience, study, and analysis of the market into a series of lessons about how to buy and sell stocks. O'Neil is neither a pure fundamentalist nor a technician--instead, he advocates blending both approaches, applying fundamental analysis to identifying the best companies and technical analysis to understanding the price actions of those stocks. The lessons cover everything from protecting your investment account (always cut your losses at 8 percent of the purchase price) and basic chart reading (identifying market tops and bottoms) to understanding relative price strength and tips on building a concentrated portfolio. While not absolutely necessary, it helps to have a copy of Investor's Business Daily handy: these lessons were drawn from a series that O'Neil wrote, which frequently mention features unique to that newspaper. 24 Essential Lessons for Investment Success is a easy-to-read, commonsense guide to stock picking that both novices and seasoned investors should find extremely useful. --Harry C. Edwards
From the Back Cover
One of the world's leading investment advisers offers unique
investing do's and don'ts that help you multiply your money.
Drawing from his highly popular "26 Weeks to Investment Success" series in "Investor's Business Daily," chairman and founder William J. O'Neil gives you a bounty of proven, easy-to-apply techniques for building a profitable portfolio. O'Neil cuts through the static of conventional "wisdom" with a refreshing array of common-sense strategies that help you accurately gauge the market . . . buy and sell stocks at just the right moment . . . seize opportunities presented by market corrections . . . take advantage of the rich potential of mutual funds . . . and successfully manage your portfolio. Essential reading for investors of all levels, this eye-opening guide to solid investment practices now puts the goal of long-term financial security easily within your reach.
Praise for O'Neil's "24 Essential Lessons for Investment Success"
"When it comes to investment and stock selection, you couldn't get a better mentor than Bill O'Neil. . . . A must read for the serious do-it-yourself investor."
Harry S. Dent, Jr., author, "The Roaring 2000s" and "The Roaring 2000s Investor"
"There simply isn't any other book that can be called a handbook for Cramer, Berkowitz." Jim Cramer, Co-founder, TheStreet.Com & Hedge Fund Manager, Cramer, Berkowitz & Co.
"No fad can compete for long with the sound principles that William O'Neil shares with investors. In my 35 years in the business, I've found very few folks who really know the market, how to pick good stocks over time, and when to sell better than Bill."
Foster Friess, Chairman, Friess Associates and Co-Manager, Brandywine Funds
"In this era of information overload, day trading, and market volatility, author Bill O'Neil takes the emotion out of investing and lays out a clear, understandable road map on long-term investing."
Linda O'Bryon, Senior Vice President and Executive Editor, "Nightly Business Report""See all Product Description
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Top Customer Reviews
The day after I completed the book, I went to my local library to take a look at IBD and 'lo and behold' it wasn't Greek to me. "24 Lessons" has opened my eyes to the world of trading stocks which to me was an invaluable lesson.
True, it's not a comprehensive book about the stock market, but no single book can be. I viewed it simply as a place to start. Halfway through the book I had already trained myself not to be irritated by the excessive advertising for IBD because I liked what I was learning.
Bottom line? I guess the value of the book is not what it costs, but how we individually can relate to the information presented. But just to put it in perspective, last month my husband went to a "FREE Seminar" [not by William O'Neil or IBD]on investing in stocks. What did he get?--a REAL sales pitch for "trading" software that cost (get this) only $3,995.00! That's what I would call shameless advertising.
O'Neil makes it clear that the only difference between the successful person and everyone else is determination and persistence. O'Neil states that one has to pay close attention to each stock, mutual fund, etc... Also, he points out that investing in too many stocks can come back to haunt you. Keep it simple and you will see results. O'Neil is a big advocate of keeping your basket small.
O'Neil goes over buying and selling stocks in depth. He goes into cutting your loses (8% below purchase price). Also, he talks about when to buy at the right time (pivot point). This book will without doubt help any person deciding to invest their hard earned money in the stock market. I know it helped me.
While I myself have never used that particular info myself, and have been able to do just fine in the market without it, the stock tables and indicators in the IBD do boil a lot of information and research down into such famous indicators as O'Neil's relative strength and sector strength ratings, EPS and volume information, and so on. Although you could get most of this information from other sources for no charge, IBD puts it all under one cover, and the relative strength indicator is something you can't get anywhere else. This is probably worth the price of the subscription as a time-saver, especially if it helps you make money. So I would essentially say this book is mainly for those who want to use O'Neil's system in conjunction with the info contained in the IBD, and are willing to put out the money for a subscription to get it.
This book also introduces everyone to William O'Neil's famous newspaper Investor's Business Daily. Yeah he uses this book as to advertise his paper, plus teaches you how to read his stock listings of both the NYSE and NASDAQ markets. But his paper is fantastic. Once you are introduced to what the paper can teach you, you will be on your way to learning more of the simplicty of the Market. But of cause with all things it takes hard work. My son definately learned that and has gotton great encouragement from this book.
I recommend it to everyone who knows absolutely nothing about the stock market. Its simple reading and will have answers to many questions you've always had about the stock market.
Read it, use it, read O' Neil's paper and succeed.
Most recent customer reviews
The number of plugs in this book to subscribe to O'Neil's Investors Business Daily becomes similar to the sensation of chewing on broken glass. Read morePublished on May 21 2009 by Richard Roma
This book is a great tool for a serious investor, but can be difficult to understand if you are new to the stock market. Read morePublished on April 27 2004 by Bryan Haeusser
Another great book from a proven, winning stock market investor. I loved O'Neil's first classic, How to Make Money in Stocks and I liked this one too. Read morePublished on March 15 2004 by Zev Saftlas
Speaking as someone who lacks any major experience in the stock market, I found O'Neil's book "24 Essential Lessons..." an immense help. Read morePublished on Dec 10 2002 by Lauren
This is a very practical and complete system of when to buy AND when to sell. Would have saved me much $ in 2000.Published on Oct. 21 2002 by A Scheifele
Bill O'Neil is certainly an experienced Wall Street trader, but he, talking bussiness, "tends" to use his books as an advertisement campaign for Investor's Business Daily, a... Read morePublished on May 6 2002 by Murilo S M Schunke
Bill O'Neil's 24 Lessons were nothing but an advertising plot for his Investor's Business Daily. However annoying to be constantly reminded of his paper, it worked. Read morePublished on Feb. 9 2002 by Stephanie Riddick
Honestly, you should not pick up this book if you are looking for a comprehensive guide to investing. Instead O'neil's "How to Make Money... Read morePublished on Aug. 4 2001 by Baltic Books
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