David K. reviewed 24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily on + 36 more book reviews
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:
One of the world's leading investment advisers offers unique investing do's and don'ts that help you multiply your money.
Lesson 1: What Every Investor Should Know Going In
Lesson 2: Getting Started: There's No Time Like the Present!
Lesson 3: Follow a System Rather Than Your Emotions
Lesson 4: Fundamental Analysis or Technical Analysis?
Lesson 5: First Among Fundamentals: Earnings and Sales
Lesson 6: Relative Price Strength: A Key Technical Tool
Lesson 7: Know a Stock by the Company It Keeps
Lesson 8: The Importance of Volume and Sponsorship
Lesson 9: How to Buy at Just the Right Moment
Lesson 10: How Chart Patterns Lead to Big Profits
Lesson 11: How to Read Stock Charts Like a Pro
Lesson 12: How to Gauge the Stock Market's Health
Lesson 13: How to Spot When the Market Hits a Top
Lesson 14: How to Spot When the Market Bottoms
Lesson 15: Putting the Stock-Picking Puzzle Together
Lesson 16: How to Find New Investment Ideas in 'Investor's Business Daily'
Lesson 17: Growth vs. Value Investing
Lesson 18: Don't Try to Be a Jack-Of-All-Trades
Lesson 19: What's the Right Mix for Your Portfolio?
Lesson 20: Sell Rules Ever Investor Should Master
Lesson 21: More Sell Rules Every Investor Should Master
Lesson 22: How to Make a MIllion with Mutuals
Lesson 23: Too Busy? How to Use 'Investor's Business Daily' in Twenty Minutes
Lesson 24: How to Make the Most of 'Investor's Business Daily', Investors.com and Other Online Resources