24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily

by William J. O'Neil

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.

Genres: Finance, Business, Nonfiction, Economics, Personal Finance, Money

176 pages, Paperback

First published January 1, 1999

About the author

William J. O'Neil is a stock trader, entrepreneur and writer, who founded the business newspaper Investor's Business Daily and the stock brokerage firm William O'Neil & Co. Inc. He is the creator of the CAN SLIM investment strategy.

He studied business at Southern Methodist University, received a Bachelor's degree and served in the United States Air Force.

Reviews

[Thanh Lam · Rating 4 out of 5]

The book is concise and easy to read and understand. It provides me basic understanding about O' Neil's method. However, Im still confused about its practice and need time to consider it effectiveness. So time will answer.

[Michael · Rating 3 out of 5]

This book was sent to me with my subscription of Investors Business Daily many years back. It's the short version of How To Make Money In Stocks: A Winning System in Good Times or Bad by the same author, with a few more tips added.

I already knew the methodology and techniques so it was a reviewer, but I wouldn't suggest it instead of the above mentioned. I would read it AFTER I read How To Make Money In Stocks.

[Everett · Rating 5 out of 5]

For my second deep book, I read the book “24 Essential Lessons for Investment Success” by William J. O’neil. This book contained some very good knowledge about investing and how to be successful in investing and how to not quit when you first start. I would say that this book is well worth the read and has changed the way I look at investing and the stock market in general and the book is very well written and informative about absolutely everything. It has taught me many valuable lessons that I think would be useful to anyone that is looking to invest in the stock market or really any investment such as real estate for that matter. An example of something he taught me is how to look at if a stock is good or not. Most of the time, the real money in stocks is long term. You don't usually want to invest in stocks for the short term, although there are a few rare cases such as Tesla, gamestop, and AMC where the stock will boom for no reason since everyone just buys it, but you want to see if the company that your buying the stock from has a good long term value and the company is a stable company. I would recommend this book to these people because the book is great for any level of investor. It's good for beginners, intermediate investors, and people who have been investing for years could still learn something from this book. Another reason that I would recommend this book to anyone looking to invest is because it is written very clearly and has sections explaining different aspects and it helps you to learn about investing in a very structured way. I would also recommend this to people who are unsure about the stock market and investing in general. I think that this book makes it very clear how investing works and clears up any confusion or misconceptions these kinds of people have. I think that this book also can help you want to get into investing. This book talks a lot about a bunch of different sources you can use to make investing easier as well. I think that many people assume that investing is hard and complicated and this prevents them from wanting to get into investing, but I would say this book clears everything up and has helped me to understand the stock market. Another reason to read this book is because the author is very knowledgeable and qualified to talk about what he’s talking about. The Author of this book is William J. O’neil who is a successful entrepreneur, stock broker, and writer. His net worth is $110 million and has made his fortune from investing in stocks. This book is also highly rated with reviews from world renowned investors such as Jim Cramer, Harry S. Dent, Linda O’Bryon. There are some major questions that were raised by this book though, at least for me. For one, it talked a whole lot about these random websites like everyone was supposed to know what they are. I assume these are confusing to me since the book was made some time ago. Although I wish the author would update these sites since most likely they are non-functioning websites at this point. I did eventually figure out what some of the websites are though. The author talks in a very interesting way. The way he speaks is very captivating and interesting. I only lost track of when I was reading maybe five times which is a very small amount, the book held my attention very well and each seemed to be more informative than the last. I only lost track five times because the author makes everything sound interesting and uses advanced words that still make sense to me. The author is very informative however, making everything crystal clear and making sure that you understand everything about investment. I think the author is very experienced in this field and most definitely knows what he is talking about. I think that the author's style of writing is very intriguing and keeps you interested in the book. The author will say something and then follow it up with many details about the thing he just said. I think the author has a very unique way of writing and he seems to always know how to describe something very well. He will always have more to say and will fill your brain with knowledge related investment. I think that he specifically did a good job explaining why many people will not like investment and give many examples. He always uses many real world-class examples when he is talking that shows that he has been in the industry for quite some time. I liked that the book is so informative, and I would recommend it to anyone that cares about investments and their futures

[Jordan · Rating 3 out of 5]

This book has a lot of convention breaking ideas which often tell you to go against convention because conventional thinking won't make you extraordinary. As great as many of the teachings are, it does feel like O'Neil is very quick to sell the reader on using his tools and his website. This book contains a lot of great information that I just wish he wasn't shoving his service down your throat almost every chapter.

[David · Rating 2 out of 5]

Read this book for occasional supplemental insight and nothing else. Outside of a few one-liners that could be useful for stock trading, it’s one big promo for the author’s other products and services.

[Jennifer Anderson · Rating 3 out of 5]

This book had some great suggestions buried inside one long advertisement for Investor's Business Daily. Nearly every page mentioned Investor's Business Daily numerous times-I even counted one page that mentioned it 7 times!

[Nguyên Lê Hoàng · Rating 5 out of 5]

A good book to read for beginner investor. Really necessary

[The Mad Mad Madeline · Rating 3 out of 5]

I don’t care too much about stocks, but this had some good general info. Most importantly, in reading this I discovered I’m doing the right thing by not buying my company’s stocks. 😂😂

[Shirin Abdel Rahman · Rating 4 out of 5]

مجموعة نصائح فى اسلوب شيق، سهل و خالى من المصطلحات المعقدة

[Jianping Zeng · Rating 3 out of 5]

An old investment book, some concepts are still good to use in modern stock market.But not too many useful information, the book is kind of like manual of business daily

[Tom · Rating 1 out of 5]

What a waste of time! This may as well have been an advertisement for his stock reporting business. Skip this one. You’ll thank me.

[Max Batson · Rating 1 out of 5]

Missing Text?

My copy seems to have some charts but no text. I’ll ask if something is missing and update when I get an answer

[Wdmoor · Rating 5 out of 5]

William J O'Neil is a legend to decades Wall St traders and this marvelous book encapsulates his trading advice. Highly recommended to anyone interested in stocks

[Samuel · Rating 4 out of 5]

Finally found an investment book that the conclusion was other than "you can choose any investment portfolio you want, just be careful". It contains interesting information even if you are not ready or willing to invest on the stock market. Just one warning: in addition to the useful information, it is self-serving as it promotes other products from the same company. Not surprisingly, needed to use the 24 lessons. Nonetheless, useful information.

[Mimi Somsanith · Rating 3 out of 5]

Do you use the IBD as a tool for your stock market investing? I don't or at least not yet. The book is a quick and easy read. The author seems sincere and to the point. Most of the details are focused on how to use the Investor's Business Daily tools with some specific tips to for the general audience to keep in mind. For example, traders should pay attention to the fundamentals such as EPS, sales, and growth and to the technical analysis such as "cup with handle" patterns, volume indicators, and relative strength. Some good pointers include 1) not to over-diversifying and 2) to listen for the overall current day's news/trend.

It's apparent to see why the IBD would be a useful tool. I'm not (yet) convinced that it's absolutely necessary. The book reiterates the 80/20 rule encouraging traders to work within the top 20% of what they're trading/investing. I'm still learning about the economy and psychology of the stock market so I'm keeping an open mind until I see what works for me.

Whether you're using the IBD or not, this is a good book to tie some stock market tips together.

[Arthur · Rating 2 out of 5]

　　這是一本簡體書，查了一下發現原來台灣也出版過，繁體中文版是由寰宇出版社出版，書名叫做「投資致勝必學」。

　　作者 O'Neil是《投資者商業日報》（Investor's Business Daily）的創辦人，英文版的副標是 " Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily "，不曉得這算不算是一種推銷的手法，利用寫書的方式傳授一些賺錢密技，以吸引讀者去購買他們家的報紙來取得這些指標，真的是「一兼兩顧，摸蛤兼洗褲」。

　　姑且不論這些指標準確與否、好不好用，除非你打算交易的是美股，否則光是要從台灣股市取得這些個股的指標值就有困難，更別談要拿來應用了。

[Yosep · Rating 3 out of 5]

It's stocked with useful information and the lessons listed are fairly sound, in my novice opinion. Read it, but don't hold it up as the holy grail of investment. Take it with a grain of salt, like any literature that promises success, money, or happiness.

[Jane · Rating 3 out of 5]

A quick and easy introduction to O'Neil's investment theories. The most important take-away from the book is to cut your losses sooner rather than later. I think his approach works best in a bull market. What we have now is a sideways and very volatile market. Just my opinion.

[Bernd · Rating 2 out of 5]

subset of the author's "How to make money in stocks. Got it free with IBD subscription. Is a bit of a how-to manual on IBD. wouldn't buy it on its own.

[Brent · Rating 2 out of 5]

Some good information, but it felt like a sales pitch for the author's daily investment guide.

[Nick · Rating 2 out of 5]

Had some useful tips, but was largely a sales pitch for the author's newspaper.

[Kevin Beals · Rating 2 out of 5]

Meh, some decent advice but mostly a platform for him to tout his magazine, Investor's Business Daily. I wouldn't recommend this to anybody unless they plan to subscribe to his magazine.

[JP · Rating 3 out of 5]

Worthy guide for future reference. Good reminders about discipling and following a method. Includes: how to read a chart for good time to buy and sell, investor psychology.

[Perry · Rating 2 out of 5]

has some book recommendations on investing

[Akram · Rating 2 out of 5]

الكتاب غير مناسب لجميع الاسواق المالية ، الكاتب يتحدث كثير عن جريدته اليومية ويمتدحها

[Katie O'Bryan · Rating 5 out of 5]

More genius from the investor behind the periodical Investor's Business Daily.