William O'Neil and His Magical Formula ( PART 1)
Hi Investors, Vanakkam I read " How to make money in Stocks " by William O Neil last week. I am amazed that most of Mutual funds select stocks based on that method only. This book contradicts " The Intelligent Investor " in many ways. It is one of the best and must read books before investing. It suits very well in Indian Markets. There are many blogs and websites where an awesome summary of the book is available. I summarize it for the beginners. Preface 1. No of Bull Markets = No of Bear Markets. But, Bull Markets averages almost 100% increase and last for 2 years whereas Bear Markets averages only 30% decrease in price and last for 9 months. 2. Pessimists are 100% Failures 3. William O Neil has 35+ years of Experience as INVESTOR'S DAILY NEWSPAPER's author Introduction Learning from the greatest winners. 1. Everyone should own common stocks 2. Learn from successful investors 3. CANSLIM technique a. C = Current Quarterl...
