William J. O'Neil, RIP

[Rams Fan]

You'd think IBD website would have something

Before news reaches a media outlet or a google web crawler, it comes in the form of real life, which is often communicated to a smaller group than the world-at-large by something as ordinary and mundane as a phone call, a text, or an email. I would not have posted the thread if it were a "rumor."

 

[semperfrosty]

It has been relayed that the great William J. O'Neil has passed.

Rest in peace, Mr. O'Neil.

From your seminal book How to Make Money in Stocks to Investor's Business Daily, your contributions to making success in the stock market accessible to any and all Americans willing to save, invest, and do the work is, in my opinion, without equal.

My very first book on trading.

RIP

 

[Rams Fan]

David Ryan tells the story of William O'Neil constantly asking the Accountant how much money is left. O'Neil would put the entire LOT on ONE STOCK and ride it. Such was his brilliance and confidence.

O'Neil said that the best book on investing he had ever read was The Battle for Investment Survival by Gerald Loeb. In Loeb's book, there is an essay that advises one against diversification (which O'Neil himself would reiterate in his own works) and instead advised "putting all your eggs in one basket, and watch the basket."

Nicolas Darvas, author of How I Made $2,000,000 in the Stock Market was also an early influence on WON, and he claimed that he read and re-read Loeb's book weekly.

My very first book on trading.
RIP

You really don't need any other books to make a go of it in the stock market, in my opinion.

I'd add Lefevre's Reminiscences of a Stock Operator, Darvas's How I Made $2,000,000 in the Stock Market, and Loeb's The Battle for Investment Survival to the list.

Those four are really all one needs.

William O'Neil's How to Make Money in Stocks is really almost a textbook of Darvas's "techno-fundamentalist" theory and the lessons of the other two.

 

[semperfrosty]

O'Neil said that the best book on investing he had ever read was The Battle for Investment Survival by Gerald Loeb. In Loeb's book, there is an essay that advises one against divrsification (which O'Neil himself would reiterate in his own works) and instead advised "putting all your eggs in one basket, and watching the basket."

Nicolas Darvas, author of How I Made $2,000,000 in the Stock Market was also an early influence on WON, and he claimed that he read and re-read Loeb's book weekly.



You really don't need any other books to make a go of it in the stock market, in my opinion.

I'd add Lefevre's Reminiscences of a Stock Operator, Darvas's How I Made $2,000,000 in the Stock Market, and Loeb's The Battle for Investment Survival to the list.

Those four are really all one needs.

William O'Neil's How to Make Money in Stocks is really almost a textbook of Darvas's "techno-fundamentalist" theory and the lessons of the other two.

One of the lessons I took from Money in stocks and keep to this day was to divide your trading capital up percentage wise from 'Blue chip' down to 'Speculative'.

Earnings should be distributed in this same ratio.

 

[deaddog]

You really don't need any other books to make a go of it in the stock market, in my opinion.

I'd add Lefevre's Reminiscences of a Stock Operator, Darvas's How I Made $2,000,000 in the Stock Market, and Loeb's The Battle for Investment Survival to the list.

Those four are really all one needs.

William O'Neil's How to Make Money in Stocks is really almost a textbook of Darvas's "techno-fundamentalist" theory and the lessons of the other two.

I'd add Stan Weinstein's "Secrets for profiting in bull and bear markets".

 

[comagnum]

If William O' Neil was alive today no doubt he would have been in NVDA.

 

[Rams Fan]

I think his biggest holding would be SMCI. The weekly chart is classic. I can't post one just now but I'll try later unless someone else beats me to it.

 

[Darc]

 

[murray t turtle]

%%
AMAZING how much more helpful IBD Newspaper+ 200dma , was than WSJ;
but after many years WSJ finally put a 200 day moving average on their charts .
Excellent insights on funds + mutual funds, in his books + newspaper.
He improved , unlike some, with red , white + blue charts.
I seldom do single stocks but read + enjoyed some older IBD newspapers yesterday

 

[The_Krakenite]

I have one or more of his books in my library, but I don't have anything memorable from them...