24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily

( 9 )
Pick Up In Store

Pick Up in Store

Reserve and pick up in 60 minutes at your local store

Paperback
$8.50
BN.com price
$12.00 List Price (Save 29%)
Marketplace (New and Used)
from
$0.01
$12.00 List Price (Save 100%)
Usually ships in 1-2 business days
All (184)  
Used (168)  
New (16)  
Close
Sort by
Page 1 of 19
Showing 1 – 10 of 184 (19 pages)
$0.01
(Save 100%)
OwlsBooks-TRM
Seller since 2009

Feedback rating:

(22563)

Condition:

New — never opened or used in original packaging.

Like New — packaging may have been opened. A "Like New" item is suitable to give as a gift.

Very Good — may have minor signs of wear on packaging but item works perfectly and has no damage.

Good — item is in good condition but packaging may have signs of shelf wear/aging or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Acceptable — item is in working order but may show signs of wear such as scratches or torn packaging. All specific defects should be noted in the Comments section associated with each item.

Used — An item that has been opened and may show signs of wear. All specific defects should be noted in the Comments section associated with each item.

Refurbished — A used item that has been renewed or updated and verified to be in proper working condition. Not necessarily completed by the original manufacturer.

Good
Giving great service since 2004: Buy from the Best! 4,000,000 items shipped to delighted customers. We have 1,000,000 unique items ready to ship! Find your Great Buy today!

Ships from: Lakewood, WA

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
OwlsBooks-TRM
Seller since 2009

Feedback rating:

(22563)

Condition: Good
Giving great service since 2004: Buy from the Best! 4,000,000 items shipped to delighted customers. We have 1,000,000 unique items ready to ship! Find your Great Buy today!

Ships from: Lakewood, WA

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
OwlsBooks-TRM
Seller since 2009

Feedback rating:

(22563)

Condition: Good
Giving great service since 2004: Buy from the Best! 4,000,000 items shipped to delighted customers. We have 1,000,000 unique items ready to ship! Find your Great Buy today!

Ships from: Lakewood, WA

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
OwlsBooks-TRM
Seller since 2009

Feedback rating:

(22563)

Condition: Good
Giving great service since 2004: Buy from the Best! 4,000,000 items shipped to delighted customers. We have 1,000,000 unique items ready to ship! Find your Great Buy today!

Ships from: Lakewood, WA

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
Discover Books Ltd.
Seller since 2006

Feedback rating:

(3584)

Condition: Good
Some wear on book from reading, some spine creases, wear on binding and pages, we guarantee all purchases and ship all items via USPS mail.

Ships from: Sumas, WA

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$0.01
(Save 100%)
OwlsBooks-TRM
Seller since 2009

Feedback rating:

(22563)

Condition: Good
Giving great service since 2004: Buy from the Best! 4,000,000 items shipped to delighted customers. We have 1,000,000 unique items ready to ship! Find your Great Buy today!

Ships from: Lakewood, WA

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
Wiz Kids Books
Seller since 2010

Feedback rating:

(1256)

Condition: Good
Complete and clean. Good reading copy. Light edge wear to cover

Ships from: Irmo, SC

Usually ships in 1-2 business days

  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.01
(Save 100%)
SG Books
Seller since 2012

Feedback rating:

(148)

Condition: Good
This is a good copy with average wear and does not include a dust jacket.

Ships from: Cheyenne, WY

Usually ships in 1-2 business days

  • •Standard, 48 States
  • •Standard (AK, HI)
$0.25
(Save 98%)
Clickgoodwill
Seller since 2012

Feedback rating:

(73)

Condition: Good
Very minimal damage to the cover no holes or tears, only minimal scuff marks minimal wear binding majority of pages undamaged minimal creases or tears. Book may have writing, ... underlining, highlighting, wear to cover and corners, notes in margins, writing Read more Show Less

Ships from: Indianapolis, IN

Usually ships in 1-2 business days

  • •Canadian
  • •International
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
$0.97
(Save 92%)
5KBooks
Seller since 2010

Feedback rating:

(966)

Condition: Very Good
VG Nice copy with light cover wear. Pages clean with tight binding.

Ships from: Queen Creek, AZ

Usually ships in 1-2 business days

  • •Canadian
  • •Standard, 48 States
  • •Standard (AK, HI)
  • •Express, 48 States
  • •Express (AK, HI)
Page 1 of 19
Showing 1 – 10 of 184 (19 pages)
Close
Sort by

Overview

The Wall Street Journal, New York Times, BusinessWeek, and USA Today Business Bestseller!

From the publisher of Investor's Business Daily and best-selling author of How to Make Money in Stocks, comes the National Bestseller, 24 Essential Lessons for Investment Success, two dozen of the most important lessons for investors. In this one accessible guide, William J. O'Neil puts his popular and easy-to-follow techniques for building a profitable portfolio firmaly in the hands of investors and the goal of long-term financial security easily within their reach.

24 Essential Lessons for Investment Success is based upon ...

See more details below
Sending request ...

More About This Book

Overview

The Wall Street Journal, New York Times, BusinessWeek, and USA Today Business Bestseller!

From the publisher of Investor's Business Daily and best-selling author of How to Make Money in Stocks, comes the National Bestseller, 24 Essential Lessons for Investment Success, two dozen of the most important lessons for investors. In this one accessible guide, William J. O'Neil puts his popular and easy-to-follow techniques for building a profitable portfolio firmaly in the hands of investors and the goal of long-term financial security easily within their reach.

24 Essential Lessons for Investment Success is based upon the closely followed "26 Weeks to Investment Success" editorials that appear in Investor's Business Daily. Edited and updated, O'Neil's timeless advice encapsulates such investing nuggets as buy high and sell higher to making a million in mutual funds. Concentrate your investments in a few areas, know them well, and watch them carefully.

Don't just rely upon PE ratios and other common technical tools. Learn to use Relative Price Strength to help you choose stocks. O'Neil's cautionary yet pro-active advice has helped to make Investor's Business Daily one of America's fastest growing and most respected newspapers. Now investor's can benefit from his timeless words of wisdom, collected in one easy-to-use resource.

Editorial Reviews

USA Today
A logical road map to investing...that should serve you well.

Product Details

  • ISBN-13: 9780071357548
  • Publisher: McGraw-Hill Companies, The
  • Publication date: 12/13/1999
  • Edition number: 1
  • Pages: 176
  • Sales rank: 283,245
  • Product dimensions: 6.00 (w) x 9.00 (h) x 0.44 (d)

Meet the Author

William J. O'Neil is the founder and Chairman of Investor's Business Daily, one of the leading financial newspapers in the world and the author of the million-copy bestseller, How to Make Money in Stocks. He has a long and successful track record as an analyst and investor, is the creator of the CANSLIM charts, and is recognized as a leading advisor to individual investors around the world.

Read an Excerpt

Lesson 1: What Every Investor Should Know Going In

Before founding Investor's Business Daily in 1984, Bill ONeil already had 25 years of experience in the market as an individual investor, stock broker, investment adviser, and owner of a securities brokerage and research firm that today counts nearly every major institutional investor as a client. His career started at age 22, just after he graduated from Southern Methodist University, got married, joined the Air Force and became interested in his financial future. He bought his first stock with $500-all he had at the time. He also started reading books on the market. According to Bill ONeil, the best was Gerald Loeb's Battle for Investment Survival. It's there we pick up our conversation.

What is the single most important thing an investor should know?

Loeb was a highly successful investor and preached cutting all your losses short. And for me, this is rule #I. You must always protect your investment account. Particularly if you invest on margin (use borrowed money), cutting losses is absolutely essential.

Whether you're a new or experienced investor, the hardest lesson to learn is that you're simply not going to be right all the time. And if you don't cut every loss quickly, sooner or later you'll suffer some very large losses. I've known seven highly intelligent, educated men in their 40s who were wiped out because they invested on margin and had no sell discipline. Brains, education, ego, stubbornness and pride are deadly substitutes for having and following sound selling rules.

The problem is, you always hope to make money when you buy a stock. And when you have to sell and take a loss, you find itgut-wrenching and hard to admit you were wrong. You'd rather wait and hope the price will come back.

To make matters worse, when you do try to cut losses, half the time the stock will turn around and go back up in price. Then you're really upset. You conclude you were wrong for selling and that the loss-cutting policy is a bad one.

How you think about losses is critical. Historically, this is where most investors go wrong and get confused.

Ask yourself the following: Did you buy fire insurance on your house last year? Did your house burn down? If it didn't, were you upset because you wasted your money on the insurance? Will you refuse to buy fire insurance next year? Why do you buy fire insurance in the first place, because you know your home is going to burn down?

No! You buy insurance to protect yourself against the remote possibility you could suffer a major loss that would be difficult to recover from. That's all you do when you cut short your losses.

How do you define short?

For Loeb, it was 10%, which is probably a good rule for most beginning investors. But when you use charts to time your purchases more accurately, I recommend cutting all losses at 7% or 8% below your purchase price. By doing this, you're taking out little insurance policies to protect yourself from possible substantial losses.

If you let a stock go down 50% from where you bought it, you must make 100% on the next stock just to break even. Now, how often do you buy stocks that double in price?

How long did it take you to become successful investing?

It took me two to three years to figure out how to put the whole system together. It doesn't happen overnight. For most people the learning curve is about the same. As the years go by, you should get better and better at stock selection, and the number of individual 7% or 8% losses should drop significantly. Plus, these small losses will be offset by much larger profits from your big winners.

Think of a number of controlled losses as your tuition to Wall Street. Most people think that investing in a college degree is a sound decision. They don't think of it as a waste of money because they have hopes of having that degree pay off in future success. Why should success in the stock market be any different?

Anything worth succeeding at takes time to learn. Professional ballplayers aren't made in three months and neither are successful investors. The only difference between the successful person and everyone else is determination and persistence.

How persistent have you had to be at times?

I once had a string of ten stocks that I cut losses on. But the very next one emerged just as the market came out of a correction (downtrend) and more than tripled in price. I've often thought: "What would have happened if I had gotten discouraged and quit because the previous ten stocks I bought didn't work?"

The tricky part is getting rid of the emotion attached to making decisions, like cutting losses. It doesn't feel comfortable to sell something you may have purchased only a few weeks ago because it's now down 8% below your cost. Emotions take over. We try to defend our original decision to buy and justify holding the stock even though we're now in the negative.

But you can't go through life looking in the rear-view mirror. You can get yourself in a lot of trouble with the "could'ves," "would'ves" and "should'ves."

When you bought the stock, that was last week or last month-not today. Today is a whole different situation, and you've got to protect yourself from serious losses-which could happen to anyone-so you can still invest tomorrow.

Why did you pick 8% as the rule?

If you cut your losses at 8%, it will always allow you to survive to invest another day. I've seen people go bankrupt or ruin their health because they'd fall in love with a stock, couldn't face up to and admit mistakes, and couldn't make the hard sell decisions. Vacillating when it comes time to sell is how you will sooner or later experience big losses. And big losses will cause you to lose your confidence, which you absolutely cannot let happen if you expect to continue investing.

If you're worried, the old adage, "sell down to the sleeping point," is the best way to relieve some pressure. You don't have to sell it all, just sell something so you can sleep at night.

If you cut all your losses at 7% or 8% below your purchase price, and then sell just a few of your stocks when you're up 25% to 30%, you can be right once and wrong twice and still not get into trouble.

Your best-performing stocks should be held longer for a larger possible profit. Always sell your worst-performing stock first, not your bestperforming stock.

What is the risk in any stock?

Under the method that I've laid out, your risk in any one stock is always limited to 8%, whether you're buying AT&T or the leading internet stock...

Table of Contents

Preface.
Acknowledgements.

24 Essential Lessons for Investment Success.
Lesson 1: What Every Investor Should Know Going in.
Lesson 2: Getting Started: There's No Time Like the Present!
Lesson 3: Follow a System Rather Than your Emotions.
Lesson 4: Fundamental Analysis or Technical Analysis?
Lesson 5: First Among Fundamentals: Earnings and Sales.
Lesson 6: Relative Price Strength: A Key Technical Tool.
Lesson 7: Know a Stock by the Company It Keeps.
Lesson 8: The Importance of Volume and Sponsorship.
Lesson 9: How to Buy at Just the Right Moment.
Lesson 10: How Chart Patterns Lead to Big Profits.
Lesson 11: How to Read Stock Charts Like a Pro.
Lesson 12: How to Gauge the Stock Market's Health.
Lesson 13: How to Spot When the Market Hits a Top.
Lesson 14: How to Spot When the Market Bottoms.
Lesson 15: Putting the Stock-Picking Puzzle Together.
Lesson 16: how to Find New Investment Ideas in Investor's Business Daily.
Lesson 17: Growth vs. Value investing.
Lesson 18: Don't Try to Be a Jack-of-all-Trades.
Lesson 19: What's the Right Mix for Your Portfolio?
Lesson 20: Sell Rules Every Investor Should Master.
Lesson 21: More Sell Rules Every Investor Should Master.
Lesson 22: How to Make a Million with Mutuals.
Lesson 23: Too Busy? How to Use Investor's Business Daily in Twenty Minutes.
Lesson 24: How to Make the Most of Investor's Business Daily, Investors.com, and Other Online Resources.
Appendix A.
Appendix B.
Recommended Reading List.
Glossary.
Index.

Customer Reviews

Average Rating 4.5
( 9 )

Rating Distribution

5 Star

(6)

4 Star

(1)

3 Star

(2)

2 Star

(0)

1 Star

(0)

Your Rating:

Review Guidelines
Add Recommendations
Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identiy on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

We're sorry, but penname is already taken.

Please select one of the following:
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

penname is available!

By visiting the BN.com website or marking a purchase on BN.com, a User is deemed to have accepted the Terms of Use.

Continue Anonymously

Welcome, penname

You have successfully created your Pen Name. Start enjoying the benefits of the BN.com Community today.

Sort by: Showing all of 9 Customer Reviews

  • Anonymous

    Posted July 12, 2005

    Very helpful and useful, but ...

    This book is very useful for people that do not have strong investment skills or are just starting to invest. Mr. O'Neil provides strong insight into chart analysis and investing fundamentals that everyone should have and practice regularly. Unfortunately, a lot more useful information could be included if there were not so many advertisements by Mr. O'Neil for his other products.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted October 25, 2003

    Best Investment Book

    This book makes understanding the Market simplified and concise without alot of technical jargon. Very easy read and easy to comprehend. If you buy only one book on investing, this is the one to buy.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted October 31, 2002

    An okay book...........

    This book has a bunch of useful information but really it should be called "A plug for Bill O'Neil's other products". He talks about the other products in his line Incessantly. He also writes in kind of a condescending manner. I had to stop reading the book because it was irritating me so much! If you can get past that it seems to have good info...

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted February 28, 2002

    Excellent Book

    I feel this is a very good investment book. I had to read it more than once to truly get the most out of it. I really felt the sections about market direction are really good. I never truly understood, how to take into account general market conditions. I now realize how it can be done and why it is so important. The rest of the book is great too. I also feel a subcription to IBD is worth it. If you don't want to buy it, go to your local library and read it.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted November 23, 2001

    Can't Live Without It

    This book is a must for any individual investor, only interested in making good money, in the stock market.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted November 17, 2000

    Just as good as How to Make Money in Stocks

    I really am impressed with the author since he puts his ideas into action. Some of the stock investment ideas he discusses are really effective. He is a believer in investing in small companies that have plenty of room to grow.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted February 8, 2010

    No text was provided for this review.

  • Anonymous

    Posted March 3, 2010

    No text was provided for this review.

  • Anonymous

    Posted July 8, 2010

    No text was provided for this review.

Sort by: Showing all of 9 Customer Reviews
If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)
500 character limit