Features
- Cover Type: Paperback with 176 pages
- Published by: McGraw-Hill
- Edition: 1st Edition December 13, 1999
- Written in: English
- ISBN 10 Number: 0071357548
- ISBN 13 Number: 978-0071357548
-
Book Dimensions:
8.9 x 6 x 0.5 inches
- Weighs: 9.9 ounces
Product Review
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 forty 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
Product Description
The Wall Street Journal, New York Times, BusinessWeek, and USA Today Business Bestseller! From the publisher of
Investor's Business Daily and best-selling author of
How to Make Money in Stocks, comes the National Bestseller,
24 Essential Lessons for Investment Success, two dozen of the most important lessons for investors. In this one accessible guide, William J. O'Neil puts his popular and easy-to-follow techniques for building a profitable portfolio firmaly in the hands of investorsand the goal of long-term financial security easily within their reach.
24 Essential Lessons for Investment Success is based upon the closely followed "26 Weeks to Investment Success" editorials that appear in
Investor's Business Daily. Edited and updated, O'Neil's timeless advice encapsulates such investing nuggets as buy high and sell higher to making a million in mutual funds. Concentrate your investments in a few areas, know them well, and watch them carefully.
Don't just rely upon PE ratios and other common technical tools. Learn to use Relative Price Strength to help you choose stocks. O'Neil's cautionary yet pro-active advice has helped to make
Investor's Business Daily one of America's fastest growing and most respected newspapers. Now investor's can benefit from his timeless words of wisdom, collected in one easy-to-use resource.
Reader ReviewsO'Neil has attracted a wide and deep following as founder of Investor's Business Daily and as author of a previous best-selling book, How to Make Money in Stocks. In this book, he offers 24 "essential lessons" which he has learned from his extensive prior experience. Each of the "essential lessons" makes sense but I think they have the greatest value only when used together (in combination) as you formulate an investment plan. Once you have your plan and begin to implement it, understand that your work has only begun...not ended. Track earnings and sales, frequently check relative price strength, follow chart patterns, etc. (O'Neil's Lesson 11 explains "How to Read Stock Charts Like a Pro", not occasionally but "frequently" and better yet daily.) No doubt sophisticated investors view this book as "simplistic" and "obvious." For them, it probably is. But for most of the rest of us, this book provides helpful explanations and sound advice. Also, as more people participate in 401 (k) plans and exercise stock options, a book such as this can give them a better understanding of their investments. I also recommend this book as a gift to recent graduates of college and universities. The sooner they understand the vocabulary and the concepts of stock investments, the better.
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