ZF Capital » William O’Neil

Thought of the Day (January 18, 2010)

ElfLord — Sun, 17 Jan 2010 21:52:44 +0000

A Harvard professor once asked his students to do a special report on fish. His scholars went to the library, read books about fish, and then wrote their expositions The students were shocked when, after turning in their papers, the professor tore them up and threw them in the waste basket. When they asked what was wrong with the reports, the professor said, ‘If you want learn anything about fish, sit in front of a fish bowl and look at fish.’

– William O’Neil

Thought of the Day (January 5, 2010)

ElfLord — Mon, 04 Jan 2010 21:49:43 +0000

Many inexperienced investors somehow think the market today is very different. Some maintain it is more volatile. Others believe because it is dominated by institutions, many of the old methods don’t work anymore.

Still others feel that with so much information available, everything is known and already discounted in the price of stocks. Stocks, as a result, are efficient, they feel, so attempts at stock selection are destined to fail.

However, my experience is that precious little has changed. The same old things happen in the market, cycle after cycle; it’s just that the players are different.

– William O’Neil, How to Make Money in Stocks

Thought of the Day (January 1, 2010)

ElfLord — Thu, 31 Dec 2009 21:10:15 +0000

Great opportunities occur every year in America. Get yourself prepared and go for it. You will find that little acorns can grow into giant oaks. Anything is possible with persistence and hard work. It can be done, and your own determination to succeed is the most important element.

– William O’Neil, Market Wizards by Jack Schwager

Thought of the Day (December 28, 2009)

ElfLord — Sun, 27 Dec 2009 21:06:24 +0000

On Wall Street, wise men, as well as fools, can be easily drawn into booby traps. In fact, in my experience a perrson’s years and quality of education have very little to do with making big money investing in the market.

The more intelligent people are, the more they tend to think they know what they are doing — and the more they will have to learn the hard way how little they really know about outsmarting the stock market. The few people I have known over the years who have been unquestionably successful making money in stocks were decisive, decision-making individuals without huge egos.

The market has a simple way of whittling all excessive pride and overblown egos down to size. After all, the whole idea is to be completely objective and recognize what the marketplace is telling you, rather than try to prove that the thing you said or did yesterday or six weeks ago was right. The fastest way to take a bath in the stock market or go broke is to try to prove that you are right and the market is wrong.

– William O’Neil, How to Make Money in Stocks

Thought of the Day (December 15, 2009)

ElfLord — Mon, 14 Dec 2009 21:39:49 +0000

The general market should be studied closely every day, since reverses in trends can begin on any one day. I emphasize this practical method rather than that of interpreting other subsidiary indicators that are supposed to tell you exactly what the market should be doing or listening to the many stock market letter writers or technical analysts that pore over twenty indicators and tell you what they think the market should be doing. Market letters sometimes may create doubt, uncertainty and confusion in an investor’s mind. Markets tend to go up when people are skeptical and disbelieving.

Learn to interpret a daily price and volume chart of the general market averages. If you do, you can’t get too far off the track. You really won’t need much else unless you want to argue with the trend of the market.

Experience teaches you that continually arguing with the market can be very expensive, That’s how people go broke!

– William O’Neil, How the Make Money in Stocks

Thought of the Day (November 19, 2009)

ElfLord — Wed, 18 Nov 2009 21:29:32 +0000

On Wall Street, wise men, as well as fools, can be easily drawn into booby traps. In fact, in my experience a person’s years and quality of education have very little to do with making big money investing in the market.

The more intelligent people are, the more they tend to think they know what they are doing– and the more they will have to learn the hard way how little they really know about outsmarting the stock market. The few people l have known over the years who have been unquestionably successful making money in stocks were decisive, decision-making individuals without huge egos.

– William O’Neil, How to Make Money in Stocks

Thought of the Day (November 17, 2009)

ElfLord — Mon, 16 Nov 2009 21:46:52 +0000

The stock market is neither efficient nor random. It is not efficient because there are too many poorly conceived opinions; it is not random because strong investor emotions can create trends.

– William O’Neil

Thought of the Day (October 17, 2009)

ElfLord — Fri, 16 Oct 2009 22:50:21 +0000

You cannot expect to watch television or drink beer every evening and find the answers to something as complex as the stock market.

– William O’Neil

Thought of the Day (September 2, 2009)

ElfLord — Wed, 02 Sep 2009 07:44:58 +0000

It is far better to sell early. If you are not early, you will be late; you’ll never sell at the exact top, so stop kicking yourself when a stock goes higher after you sell. The object is to make and take worthwhile gains and not get excited, optimistic, or greedy as a stock’s price advance gets stronger!

– William O’Neil, How to Make Money in Stocks

Thought of the Day (August 17, 2009)

ElfLord — Mon, 17 Aug 2009 13:11:29 +0000

To make any method work, you have to develop the strict discipline to follow all of the rules, not just the ones you find agreeable.

– William O’Neil

Thought of the Day (August 3, 2009)

ElfLord — Mon, 03 Aug 2009 08:35:24 +0000

The majority of unskilled investors stubbornly hold onto their losses when the losses are small and reasonable. They could get out cheaply, but being emotionally involved and human, they keep waiting and hoping until their loss gets much bigger and costs them dearly. In a similar vein, investors cash in small, easy-to-take profits and hold their losers. This tactic is exactly the opposite of correct investment procedure. Investors will sell a stock with a profit before they will sell one with a loss.

– William O’Neil, How To Make Money in Stocks