Investor's Business Daily and the Making of Millionaires: How IBD Rewrote the Rules of Investing and Business News
The man who beat the market at its own game--and taught the average American investor rules for success.William O'Neil and his national newspaper Investor's Business Daily have become Wall Street legends. Twenty years ago, this revolutionary maverick launched his new financial paper with the goal of providing independent-thinking investors and entrepreneurs with the same detailed information previously available only to the investment pros. Not only did O'Neil and IBD survive and thrive, but their accessible investment lessons and market-savvy insight made many people millionaires. This is the fascinating true story of how one man beat the odds and changed the way America plays the stock market. And it is an inspiration to all individual investors who want to learn the smartest way to manage their finances, grow their businesses, and increase the value of their investments.In November 1983, O'Neil laid out his plans to start a brand-new national paper, Investor's Daily (its original name until Sept. 16, 1991). Unlike the Wall Street Journal, the industry's heavyweight champ for the past century, IBD would give daily ratings for every stock to measure profit growth and stock-price strength. For the first time, investors would be able to compare stocks against other stocks. The paper would also print charts of the major indexes so readers could study the market's overall price trend. It would run about 100 small weekly charts daily to ensure that no great stock would be ignored. IBD would feature new growing companies in detail and update a table of nearly 200 industry groups ranked by six-month performance. In short, IBD wouldn't be like any other financial publication.Achieving profitability wasn't IBD's only goal. Teaching readers to understand how the stock market really works would help them protect their interests even during severe market downswings. When the U.S. stock market lost an estimated $7 trillion in shareholder wealth during the 2000---2002 bear market, those who followed IBD's advice were able to cash out and save the majority of their portfolios. By providing a daily education on sound stock investing based on 50 years of fact-based stock market research, IBD has become a unique tool and information source that helps investors build wealth through buying, holding, and eventually selling the best growth stocks in the market. Along the way, the paper has debunked many of the myths on investing by highlighting the most relevant data for finding the big winners. This is O'Neil's legacy--a wealth of insight that will change the way you invest and succeed.