William O'Neil
Encyclopedia
William J. O'Neil is an American
entrepreneur
, stockbroker and writer
, who founded the business newspaper Investor's Business Daily
and the stock brokerage firm William O'Neil + Co. Inc. He is the author of the books How to Make Money in Stocks, 24 Essential Lessons for Investment Success and The Successful Investor among others, and is the creator of the CAN SLIM investment strategy.
and raised in Texas
. He studied business at Southern Methodist University
, received a Bachelor's degree and served in the United States Air Force
.
In 1958 he started his career as a stockbroker at Hayden, Stone & Company, and developed an investment strategy which made 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, Gerald M. Loeb
, Jack Dreyfus
, and Nicolas Darvas
. He also greatly admired Thomas Edison
.
In 1960, he was accepted to Harvard Business School's
first Program for Management Development (PMD).
From his research, O'Neil invented the CAN SLIM strategy and became the top-performing broker in his firm. He bought a seat on the NYSE at age 30 (the youngest at that time ever to do so), and in 1963 founded William O'Neil + Co. Inc., a company which developed the first computerized daily securities database in 1963/1964, and currently tracks over 200 data items for over 10,000 companies.
In 1972, Daily Graphs was created by William O'Neil as a printed book of stock charts delivered weekly to subscribers.
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 has 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, it had a paid circulation of 149,557, with a claimed "total readership" of 850,000 (also phrased as "nearly 1,000,000 readers"), though in 2002, the Los Angeles Business Journal said that it has not been a moneymaker, and had had a decline in ad spending, though other O'Neil companies had done well.
In 1998, Daily Graphs Online launched as a comprehensive online equity research tool. In 2010, MarketSmith
, an online stock research tool, was launched as the next generation of Daily Graphs Online.
O'Neil presently conducts investing seminars throughout the country.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
entrepreneur
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
, stockbroker and writer
Writer
A writer is a person who produces literature, such as novels, short stories, plays, screenplays, poetry, or other literary art. Skilled writers are able to use language to portray ideas and images....
, who founded the business newspaper Investor's Business Daily
Investor's Business Daily
Investor's Business Daily is a national newspaper in the United States, published Monday through Friday, that covers international business, finance, and the global economy...
and the stock brokerage firm William O'Neil + Co. Inc. He is the author of the books How to Make Money in Stocks, 24 Essential Lessons for Investment Success and The Successful Investor among others, and is the creator of the CAN SLIM investment strategy.
Biography
O'Neil was born March 25, 1933 in Oklahoma CityOklahoma city
Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...
and raised in Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. He studied business at Southern Methodist University
Southern Methodist University
Southern Methodist University is a private university in Dallas, Texas, United States. Founded in 1911 by the Methodist Episcopal Church, South, SMU operates campuses in Dallas, Plano, and Taos, New Mexico. SMU is owned by the South Central Jurisdiction of the United Methodist Church...
, received a Bachelor's degree and served in the United States Air Force
United States Air Force
The United States Air Force is the aerial warfare service branch of the United States Armed Forces and one of the American uniformed services. Initially part of the United States Army, the USAF was formed as a separate branch of the military on September 18, 1947 under the National Security Act of...
.
In 1958 he started his career as a stockbroker at Hayden, Stone & Company, and developed an investment strategy which made 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
Bernard Baruch
Bernard Mannes Baruch was an American financier, stock-market speculator, statesman, and political consultant. After his success in business, he devoted his time toward advising U.S. Presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters and became a philanthropist.-Early life...
, Jesse Livermore, Gerald M. Loeb
Gerald M. Loeb
Gerald Loeb was a founding partner of E.F. Hutton & Co., a renowned Wall Street trader, and the author of the books The Battle For Investment Survival and The Battle For Stock Market Profits. Loeb promoted a view of the market as too risky to hold stocks for the long term in contrast to well...
, Jack Dreyfus
Jack Dreyfus
John J. "Jack" Dreyfus, Sr. was an American financial expert and the founder of the Dreyfus Funds.Born in Montgomery, Alabama, Dreyfus was a graduate of Lehigh University in Pennsylvania...
, and Nicolas Darvas
Nicolas Darvas
Nicolas Darvas was a world famous dancer, self-taught investor and well-known author.-Escape from Hungary:Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest...
. He also greatly admired Thomas Edison
Thomas Edison
Thomas Alva Edison was an American inventor and businessman. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and a long-lasting, practical electric light bulb. In addition, he created the world’s first industrial...
.
In 1960, he was accepted to Harvard Business School's
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
first Program for Management Development (PMD).
From his research, O'Neil invented the CAN SLIM strategy and became the top-performing broker in his firm. He bought a seat on the NYSE at age 30 (the youngest at that time ever to do so), and in 1963 founded William O'Neil + Co. Inc., a company which developed the first computerized daily securities database in 1963/1964, and currently tracks over 200 data items for over 10,000 companies.
In 1972, Daily Graphs was created by William O'Neil as a printed book of stock charts delivered weekly to subscribers.
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 has competed with The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
. In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily
Investor's Business Daily
Investor's Business Daily is a national newspaper in the United States, published Monday through Friday, that covers international business, finance, and the global economy...
. Ten years after founding, it had a paid circulation of 149,557, with a claimed "total readership" of 850,000 (also phrased as "nearly 1,000,000 readers"), though in 2002, the Los Angeles Business Journal said that it has not been a moneymaker, and had had a decline in ad spending, though other O'Neil companies had done well.
In 1998, Daily Graphs Online launched as a comprehensive online equity research tool. In 2010, MarketSmith
MarketSmith
MarketSmith Incorporated provides investors with professional-level proprietary tools and research. The company is a wholly owned subsidiary of William O’Neil + Company, and is headquartered in Los Angeles, CA....
, an online stock research tool, was launched as the next generation of Daily Graphs Online.
O'Neil presently conducts investing seminars throughout the country.
Awards
- On March 10, 2000, TJFR Group and MasterCard International included him as one of the top 100 business news luminaries of the century.
- 2002, "Classic Award of Recognition" from the AeA, the largest high-tech industry group in the United States.
- The Stock Trader's Almanac dedicated its 37th edition in 2004 to O'Neil .
Works
- The Model Book of Greatest Stock Market Winners
- How to Make Money in Stocks - A Winning System in Good Times Or Bad, McGraw-Hill, ISBN 0071614133 (4th ed., May 18, 2009)
- The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad, McGraw-Hill, ISBN 9780071752114 (1 edition, August 10, 2010)
- 24 Essential Lessons for Investment Success, learn the most Important Investment Techniques from the Founder of Investor's Business Daily, McGraw-Hill (2000), ISBN 0071360336
- The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses, 2003, McGraw-Hill, ISBN 0071429597
- How to Make Money Selling Stocks Short, co-author with Gil Morales, Wiley (December 24, 2004), ISBN 0471710490
- Business Leaders and Success, 55 Top Business Leaders and How They Achieved Greatness", 2004, McGraw-Hill ISBN 0-07-142680-9
- How to Make Money in Stocks: Desk Diary 2005, Wiley; Spiral edition (September 6, 2004), ISBN 978-0471680536
- Reminiscences of a Stock OperatorReminiscences of a Stock OperatorReminiscences of a Stock Operator is a 1923 novel by American author Edwin Lefèvre which is the thinly disguised biography of Jesse Lauriston Livermore...
(by Edwin LefèvreEdwin LefèvreEdwin Lefèvre was an American journalist, writer, and statesman most noted for his writings on Wall Street business.Lefèvre was born George Edwin Henry Lefèvre on 23 January 1871 in Colón, Colombia , the son of Henry Lefèvre , who was for many years the general agent of the Pacific Steamship...
), William J. O'Neil (Foreword), Wiley; Illustrate edition (September 2004), ISBN 0471678767 - How to Make Money in Stocks - A Winning System in Good Times Or Bad, McGraw-Hill, ISBN 978-0071614139 (4th ed., May 18, 2009)
- The How to Make Money in Stocks Complete Investing System: Your Ultimate Guide to Winning in Good Times and Bad by William J O'Neil (Paperback August 10, 2010)
Further reading
- Lessons from the Greatest Stock Traders of All Time, by John Boik (May 21, 2004)
- How Legendary Traders Made Millions, by John Boik (March 23, 2006)
External links
- Official website
- Los Angeles Business Journal interview, March 18, 2002
- "McGraw-Hill Releases New Edition of How to Make Money in Stocks by Investor's Business Daily Founder William J. O'Neil", Investors Business Daily, June 10, 2009
- http://www.mtresearchcorp.com