“How to Make Money in Stocks” by William J. O’Neil
O’Neil gives the average investor everything they need to hear about CAN SLIM’s investment system in the 1988 investment classic. The best-selling investment book also contains chapters on how to detect common patterns in charts and hundreds of charts for personal study. “How to make money on stocks” now produces more than 4 million copies worldwide since its publication in its fourth edition.
“Market Wizards” by Jack D. Schwager
The renowned financial book of Schwager is considered to be one of trader’s best investment books. Readers will acquire knowledge from the top stock market pros in their own words in this national bestseller. Wall Street legends like O’Neil, Richard Dennis, Bruce Kovner, Schwager include interviews.
“Reminiscences of a Stock Operator” by Edwin Lefevre
One of the greatest invester books for understanding market cycles and psychology is the fictional account of a stockbroker based on Jesse Livermore. This work was named “a classic must read for all investors” by O’Neil in 1923.
Biggest William O’Neil Influences
The work of these successful investors has also been cited by O’Neil as some of the market’s best investment books. The IBD founder as a young stock broker was strongly influenced by these books. They also inspired his landmark study of winning stocks. The CAN SLIM investment system was based on this study.
“How I Made $2,000,000 in the Stock Market” by Nicolas Darvas
Darvas was one of Wall Street’s most unlikely success stories from the stage to the trading floor. One of O’Neil’s early heroes was the self-taught investor. He showed that if they had a coherent, rules-based approach, the average investor could win the market. The former dancer, in his 1939 Klassic, gives readers an insight into how he was capable of accumulating wealth by the so-called “Darvas Box Methoden.”
“The Battle for Investment Survival” by Gerald Loeb
Gerald Loeb was considered by O’Neil to be one of his earliest mentors and a significant contributor. The reputable investment banker maps what investors need to win on the stock market in Loeb’s first book published in 1935.
“How to Trade in Stocks” by Jesse Livermore
No one has more than Jesse Livermore grasped the ups and downs of the market. Livermore constructed, and lost, one of the pioneers in technological analysis in the Roaring Twenties and the crash of 1929 that led to the Great Depression. Livermore’s experience of trade in stocks and goods is written in “How to Trade Stocks.” He describes how the market can be read and how to detect various behavioral patterns.
“Pit Bull: Lessons from Wall Street’s Champion Day Trader” by MartinSchwartz
Legendary trader Schwartz on Wall Street provides readers with an in-depth look at how he became a “champion trader,” revealing the lessons that he has learned millions in the book of 1999.
“One Up on Wall Street” by Peter Lynch
Famous money manager Peter Lynch examines his psychology of investments in this basic work published in 2000. Similar to the philosophy of O’Neil to invest in what you know, Lynch describes how investors can benefit from stock-market advantages.
“Horse Sense. Street Smarts” by Don W. Hodges
Don Hodges published this beautifully illustrated anthology of business quotes in 2012, the Dallas company and asset manager. The collection, which is derived from Hodges’ more than 40 years’ personal library, contains wisdom from luminaries like Bill Gates, Jerry Garcia and Ronald Reagan.
“The Successful Investor” by William J. O’Neil
The 2003 work of O’Neil examines the collapse of the tech bubble of the 1990s, and it takes this time to educate investors how to identify market leaders and prevent devastation. “The successful investor” advises readers not only how to find successful stocks, but also how to manage risk in volatile market cycles.