The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses

by William J. O'Neil

Book Overview

FROM THE AUTHOR OF THE BUSINESSWEEK, USA TODAY, AND WALL STREET JOURNAL BUSINESS BESTSELLER HOW TO MAKE MONEY IN STOCKS Simple-to-follow strategies for making--and keeping--profits in today's perilous... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 007142959X
• Release Date: September 2003
• Publisher: McGraw Hill
• Length: 182 Pages
• Weight: 0.67 lbs.
• Dimensions: 9.0" x 0.5" x 6.0"

Customer Reviews

Powerful book by O'Niel - his best yet

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!

I agree with chrisbest01 from NY RE: Buffett

I find it amusing that some people like to compare people like O'Niel with Warren Buffet. Not only did Buffet start with $7 mil way back then (more like $35-$40MIL) in todays dollars, an amount which only those with rich parents could do, what is Warren Buffet doing to show the average investor how to make money?O'Niel provides a paper and his newest book that can show anyone how to make money predictable and consistently. Buffet is okay for those who those who already have a wad and can handle missing opportunities (like Buffet missed the technology boom in the 90's and again since Oct 1992) and are into "buy and hold." I don't know about you, but "buy & hold" didn't work for me and it certaintly didn't work for the 80 million who lost over a trillion during the Clinton bear market.This book is O'Niels best book to date. Use and it profit. Good luck!

I agree--read this book along with IBD -Be wary.........

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.

Read this book along with IBD and you can't go wrong

O'Niel has certaintly pioneered a powerful strategy that works, works all the time and will work for everybody. I bought O'Niels first book, How To Invest in Stocks. This one is similiar but better. It covers the stock market meltdown and for new investors, it may not be too pleasant to realize how much they could have made instead of losing money during the Clinton bear market.I know a lot of investors who buy IBD but who are lost. This book will make sense out of IBD and show you how to use it.If nothingelse, I would recommend that you buy just the Monday edition and check out the top 150 stocks. These are selected with IBD proprietary data. Just start there and continue your research.I have made alot of money playing stock splits and I contend that the real reason was I checked the data from IBD before investing. Not all stocks that split do well. One prominent example is Compaq which split and ne ver returned to it's normal price. I passed on Compaq based on research in IBD. Thank God for IBD!O'Niels other book 24 Essential Lessons for Investment success is also excellent. However, if you were to pick just one of O'Niels books, I would go with The Successful Investor. That book along with reading IBD (at least Mondays) will give you the edge to become a successful investor.Good luck.

An updated version of How To Make Money in Stocks

I read O'Niels book How To Make Money in Stocks which was excellent. The Successful Investor covers much of the same information with some new. It is excellent and particularly pertinent to investors who have become "gun shy" after the last three year long bear market.Obviously a lot of new people became investors in the late 90's and were totally unprepared for what happened post March 2000.Fortunately I moved out of aggressive stocks and funds and partially into cash (money market funds) and into other investments that produced a 20%-40% annualized return even during the bear market.IBD is the first thing I read and I read it voraciously. I would not be in the maket without it. In particular, I check the Monday edition with the top 100 stocks based on eps. I AM NOT TOO PARTUCARLY CONCERNED ABOUT P/E RATIOS AS LONG AS THE STOCK IS GROWING AT AT LEAST A 20% LEVEL QUARTER OVER QUARTER.IBD mas finding these stocks so easy.In 2003 I stayed with tech stocs even though many thought they were overbought, had risen too far and too fast. I bought good names like INTC, DELL, IBM, CSCO, YHOO and EBAY. I also bought some no tech names based on eps and information found in IBD.Interesting is that these stocks are still moving up despite continually hitting new 52 week highs.The Successful Investor covers an easy 5 step method that anybody could follow. O'Niel once again has a chapter on CAN SLIM, the whole basis of his system---which does really work.The Successful Investor is a must read for anyone who is currently in the market or wants to be. I also recommend Winning On Wall Street by Martin Zweig and More Wealth Without Risk by Charles Givens. In More Wealth Without Risk, Givens details his "money mvement strategy" (a technique that I used back in 2000 and still use today) which has you in the best investment for the times.Good luck with your investments!