24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily
In24 Essential Lessons for Investment Success, the founder ofInvestor's Business Dailyand author ofHow 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 ofInvestor's Business Dailyhandy: these lessons were drawn from a series that O'Neil wrote, which frequently mention features unique to that newspaper.24 Essential Lessons for Investment Successis a easy-to-read, commonsense guide to stock picking that both novices and seasoned investors should find extremely useful.--Harry C. Edwards