David Chung: Bill O'Neil And The Making Of Millionaires | Investing With IBD

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13,724 views Apr 6, 2023 Investing With IBD Podcast Episodes

David Chung, deputy markets editor at IBD, discusses some of the inside stories of IBD and William O'Neil to help celebrate the IBD founder's recent birthday. Chung covers lessons learned from Bill O'Neil as he worked on the Investor's Corner feature and 2004 book "Investor's Business Daily And The Making of Millionaires." He shares those lessons in the current market context and with stocks like On Holdings (ONON), MercadoLibre (MELI) and Rambus (RMBS). Open/Current Market: 00:00 Investing Lessons: 17:45 Stocks to Watch: 39:405 lessons learned:

1. Cut a lot of small losses - maximum 8%, normally 5% 
2. 60% success rate, it can bring to the bank. Let one biggest to run
3. High quality, truly growth stock
4. Learn from tennis lesson, one good shot but not ready for next shot - get ready for next winning stock
5. Related to the book I wrote - 20 years IBD, 2004, it took 20 years to become profitable - Patience and concentration, 25 million on two stocks, and then it starts the paper - investor's business daily. 
6. the fifth lesson - Patience and concentration