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Worlds' Greatest Investors Part 12; William O'Neil

We profile some of the greatest investors in the world. Their achievements have influenced and inspired many. In Part 12; we feature William O'Neil.

 

 

 

William O'Neil

 

 

1. Who Is He?

William J. O'Neil was born on 25 March 1933. He is an American entrepreneur, stockbroker and writer, and founded the business newspaper Investor's Business Daily, and brokerage firm William O'Neil + Co. Inc. He is the author of the books How to Make Money in Stocks and 24 Essential Lessons for Investment Success.

 

2. Background

O'Neil was born in Oklahoma City and raised in Texas. He studied business at Southern Methodist University, where he received a Bachelor's degree before serving in the United States Air Force. In 1960, he was accepted in Harvard Business School's to do a programme in management development. In 1958 he started his career as a stockbroker at Hayden, Stone & Company, and developed an investment strategy making early use of computers.

He stated in a 2002 interview that one of the books which was an early influence on him was Gerald Loeb's The Battle for Investment Survival. According to O'Neil, this is the best book on the market. Other investors which he took great interest in were Bernard Baruch, Jesse Livermore, Jack Dreyfus, and Nicolas Darvas. He also greatly admired Thomas Edison. From his research, O'Neil invented his own strategy and was the top performing broker in his firm.

He bought a seat on the NYSE at age 30, and was the youngest at that time to ever to do so. In 1963 he founded William O'Neil + Co. Inc., This company developed the first computerised daily securities database, and currently tracks over 200 data items for over 10,000 companies. In 1973, he founded O'Neil Data Systems, Inc., to provide high speed printing and database publishing facilities.

In 1984, O'Neil made research from his database available in print form with the launch of Investor's Daily, a national business newspaper which competed with The Wall Street Journal. In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily. Ten years after founding this publication, it had a paid circulation of over 1,000,000 readers. O'Neil presently conducts investing seminars throughout the country.

 

3. Recognitions & Awards

  • On 10 March 2000, MasterCard International included him as one of the top 100 business luminaries of the century.
  • In 2002 he received the "Classic Award of Recognition" from the AeA; which is the largest hi-tech industry group in the USA.
  • The Stock Trader's Almanac devoted its 37th edition in 2004 to O'Neil .

 

4. O'Neil’s Books & Publications

    • The Investor's Business Daily Almanac, 1992: The Fact, the Figures, the Trends

    • The On-Line Investor: How to Find the Best Stocks Using Your Computer

    • The Model Book of Greatest Stock Market Winners

    • How to Make Money in Stocks - A Winning System in Good Times Or Bad

    • 24 Essential Lessons for Investment Success, learn the most Important Investment Techniques from the Founder of Investor's Business Daily

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

    • How to Make Money Selling Stocks Short, co-author with Gil Morales

    • Business Leaders and Success, 55 Top Business Leaders and How They Achieved Greatness How to Make Money in Stocks: Desk Diary

 

 

 

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