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Rating: Summary: A Must for anyone who wants to invest Review: This Book has a lot of indepth information on the workings of the market. My copy is full of yellow highlight and post its.
Rating: Summary: Realistic and powerful advice Review: 80 m illion Americans lost between 50-80% of their wealth th anks to the Clinton Bear Market that began in March 2000. When considering advice pertaining to the stock ma rket, it is a lot like that old tv show, Who Can You Trust. Certaintly the events that followed March 2000 have shown 80% of Americans who they cannot trust.Bill O'Neil is more than a author of successful books and publisher of a great newspaper-IBD. He is also a successful, savvy investor. He knows how to win on WALL STREET and now he shows the rest of us how we can win and win big. I highly recommend this great book by Bill O'Niel. It goes beyond his previous books. It provides a blueprint, a road to follow that works again and again. If you were to do nothingesle but buy this book and IBD, that alone would make you a very successful investor, far ahead of those who listen to brokers, financial planners, advisors and other so called investment experts including other authors. Read Bill O'Niel, but more importantly, follow his advice to achieve your wealth.
Rating: Summary: One of his bests Review: I have never read any of O'neils previous books but after reading this one i see no reason to. The Successful Investor by Willaim J. O'Neil is such an easy read even a child could grasp the concepts given by CANSLIM. I loved the many chart patterns this book presented as well as a brief overview on shorting which O'neil has never really given any helpful hints on how to do correctly. Everything offered in this book has given the reader no excuse to fail in investing. Stick with the CANSLIM methedology given by O'neil and also pick up "Way of Warrior Trader" by Richard D. McCall which further goes into the mastery of pyschology in trading. I highly recommend this book for any active investor!
Rating: Summary: CANSLIM really works! Review: I have read many books on investing but O'Niel hits a home run with The Successful Investor. Following the CANSLIM method, I have become a successful investor. I also read IBB every day. Yhank you Mr. O'Niel.
Rating: Summary: Don't just buy it, use it! Review: I have read O'Niels previous books and I read IBD everyday. In The Successful Investor, O'Niel goes beyond what he wrote about in his previous books. It's what 80 million people could have used during that last bear market. Besides this book, I also recommend reading IBD everyday. Yeah, I know that sounds like a commercial, but the paper is great and you'll find it more benefical than reading the local paper. It will certaintly make you more money. I also recommend Wall Street Money Machine VOL I & II and Red Light Green Light by Wade Cook. The first two saved me a ton of money during that last bear market. The last one has made me a lot of money playing earnings. Great books and IBD is a great newspaper. Good luck.
Rating: Summary: I agree with chrisbest01 from NY RE: Buffett Review: I have to agree with the previous reviewer who said that all you really need is IBD along with this book. By contrast, I found the review by an obvious book peddler indicating that he has "averaged 50% gains per year" and "is considering writing a book if there is enough interest" laughable. Where do you suppose this guy is going to get his information? That's right. From O'Niels book and IBD! You can do the same yourself. Be wary of certain reviewers who are trying to peddle books. On the other hand, I highly recommend O'Niels books and IBD.
Rating: Summary: Technical Investing at it's best Review: If you are a new subscriber to Investors Business Daily (IBD) then you are well aware of all the wonderful details to investing the IBD way. This book is the perfect compliment to those new to IBD and or investing. Concepts that you use daily in IBD are explained in-depth and with examples. For those that do not subscribe to the paper, yet are looking to gain a better understanding of our stock market, then this book is for you.
At times the book can get so technical that your head may spin. Don't fret, go back and read the page(s) again and it will come to you. This is not a book that you read once and then let it collect dust. This is a guide for all investors.
The most important thing you can learn from this book. Sell any investment if it falls 7-8% below your initial purchase price. What money saving advice!!!!
Rating: Summary: The Vision Thing Review: O'Neils data analysis is the best I've ever seen available to the public. If you want to know what a stock that's acting right looks like, then buy this book, because those are the kinds of stocks you want to buy, the stocks that don't you want to sell. Timing is everything, and O'Neil has this down to a science. And like any good science, he presents a lot of historical data to back it up, both technical and fundamental. Such enlightenment may help you develop a successful style, as it has me. O'Neil provides a big picture view of things, with respect to the general market and individual stocks. Such understanding is essential. He's basically compiled a way of looking at the market that the greatest stock market operators throughout history have seen it. Such vision, from my point of view, has provided me with a sense of empowerment I never thought I'd ever possess. I always thought I'd have to be a professional athlete to feel this way, but no more. It took me about 5 years, many failures and continued study to see the kind of results I now see. Such material benefit though, I discovered, only came after a conversion of sorts, as they say, going broke is an efficient educational agency, but I've learned that failure is only temporary.
Rating: Summary: explains the basics very well Review: This is an excellent book for the beginner or as a refresher for a more experienced market participant. Oneil's method, in my opinion, is a compilation of his study of other great speculators/investors ,(i.e jesse livermore, gerald loeb, nicholas darvas, etc. all of whom wrote books), as well as his own personal experiences. The fact that he is not on the forbes 400 richest list (as one skeptical reviewer wrote) is irrelevant to the validity of his advice. One of the most important points made in this and other O'neil books is the idea that all stocks are speculative and risky, thus the importance of cutting losses short. Furthermore, In response to skeptics who say that all institutions and professional investors know his methods and thus one cannot expect to get stellar returns, this is simply not the whole truth. Yes his methods are widely known, but that does not mean people have the discipline to actually follow the methods. Furthermore, institutions cannot manuever as swiflty as an individual, and institutions (i.e. mutual funds) don't usually go to cash or money markets and stay out of bear markets as oneil suggests, and shorting is an issue oneil does not dwell upon very much. The fact that a method is widely known, does not negate its effectiveness, because widely known and widley executed are not synonomous. The problem is usually the individual and not the method. Its like dieting, there are many succesfull methods, but people are still fat after trying a diet plan because they lack the discipline to follow proven systems,(or while they follow the diet plan they sabotage their results by sneaking in the frequent jelly donut, or late night run to taco bell) then look in the mirror and blame the method instead of realizing they themeselves are most likely the problem. As a good diet and exercise plan will make you healthier, Oneils method will help you make money if you will truly understand the method, and then have the patience and discipline to follow it. One last word. Keep in mind that all reviews of books or methods are only peoples opinions, and in the financial markets "opinions are often wrong, markets never are." So find out for yourself whether you will make money or not with oneil's methods and do not mistake an opinion for a fact.
Rating: Summary: Powerful book by O'Niel - his best yet Review: While there are many books on investing, this book by O'Niel is one of the very best. I read this book and read IBD everyday. Following his CANSLIM formula I have been making money inthe market while others have lost or are just treading water.
O'NIELS advice has also saved me money. I almost bought a under $15 stock LU @ $4.25 based on a brokers opinion but elected not to. LU tanked and is now trading at around $3. Thank you Mr. O'Niel!
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