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Investor's Business Daily and the Making of Millionaires David Saito-Chung

Investor's Business Daily and the Making of Millionaires By David Saito-Chung

Investor's Business Daily and the Making of Millionaires by David Saito-Chung


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Summary

In November 1983, William O'Neil laid out his plans to start a new national paper, Investor's Daily (its original name until September 16, 1991). The paper would print charts of major indexes so readers could study the market's price trend. This is the true story of how one man beat the odds and changed the way America plays the stock market.

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Investor's Business Daily and the Making of Millionaires Summary

Investor's Business Daily and the Making of Millionaires by David Saito-Chung

This book presents 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. Financial experts agree: Investor's Business Daily is always right on the money.'Thanks for being the 11th Secret to Success for two decades' - Larry Weinbach, Chairman and CEO, Unisys Corporation. 'Congratulations to Investor's Business Daily on 20 great years of providing readers with excellent financial coverage and investment information' - Salvatore F. Sodano, Chairman and CEO, American Stock Exchange. 'As a long time cover-to-cover reader, I can say unequivocally that IBD is a must-read for economic and investment information and analysis' - Lawrence Kudlow, CEO of Kudlow and Co., LLC and co-host of CNBC's. Kudlow and Cramer 'There's been only one constant in my life wherever I have worked. I am proud to be able to say I have been with [IBD] from the beginning' - Jim Cramer, Markets commentator of TheStreet.com and co-host of CNBC's Kudlow and Cramer. 'You truly give the information people need to succeed in today's market' - Barry Armstrong, Host, Money Matters nationally syndicated radio show.

About David Saito-Chung

David Saito-Chung is markets editor at Investor's Business Daily. He writes and oversees daily columns including The Big Picture and Investor's Corner. From 1994 to 1998, he worked as a reporter and translator at Kyodo News agency in Tokyo and covered sports, business, and the Tokyo stock market. Saito-Chung is a regular guest on the syndicated radio show Money Matters. He is a graduate of Harvard University.

Additional information

CIN0071450165VG
9780071450164
0071450165
Investor's Business Daily and the Making of Millionaires by David Saito-Chung
Used - Very Good
Hardback
McGraw-Hill Education - Europe
20040816
162
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Investor's Business Daily and the Making of Millionaires