From: lessgovt@gmail.com   
      
   William O’Neil, Founder of Investor’s Business Daily, Dies at Age 90   
   By James R. Hagerty, May 30, 2023, WSJ   
   William J. O’Neil, who grew up poor in Oklahoma during the Dust Bowl days of   
   the 30s, made a huge profit on early-60s investments in Chrysler and Syntex, a   
   pioneer in birth-control pills. The proceeds launched him on a career of   
   teaching other people    
   how to make money on stocks by studying charts, ditching losers quickly and   
   suppressing emotions.   
      
   O’Neil, who died Sunday at the age of 90 at his home in Santa Monica CA,   
   promoted his investment methods through seminars, books and a newspaper he   
   launched in 1984, Investor’s Business Daily, now owned by News Corp, which   
   also publishes The Wall    
   Street Journal.   
      
   His 1988 book “How to Make Money in Stocksâ€� introduces investors to his   
   CAN SLIM investing technique, using an acronym for his 7-step program.    
      
   In the 1960s, O’Neil was an early adopter of computers to crunch market   
   data. By 1975, he was experimenting with a computer program to pick stocks.   
   â€œWhat we’re trying to do is take emotion completely out of the market,â€�   
   he told the New York Times.   
    Even so, he said, humans would be monitoring: “If something really   
   ridiculous happened, we’d step in.â€�   
      
   William Joseph O’Neil, an only child known as Bill, was born March 25, 1933,   
   in Oklahoma City. When he was about a year old, his parents divorced. He moved   
   with his mother to Muskogee OK, where they lived with his maternal   
   grandmother. His mother    
   worked as a clerk at a J.C. Penney store.   
      
   As a boy, he sold magazines, delivered newspapers and filled peanut-dispensing   
   machines, among other odd jobs. “I read an enormous amount of    
   utobiographies of everybody...Richard Sears and Henry Ford and different ones   
   that had been highly successful,â   
   €� he told the Los Angeles Times in 2006.   
      
   As a teenager, he moved to Dallas with his mother and finished high school. He   
   earned a business degree from SMU in 1955. To pay his way, he sold screen   
   doors.   
      
   He then served in the Air Force, which stationed him in Alaska. During that   
   military service, he made his first stock investment: five shares of Procter &   
   Gamble. Losses on an impromptu Alaska real-estate investment taught him the   
   value of careful    
   homework.   
      
   In 1958, he began working as a stockbroker at Hayden Stone in Los Angeles. As   
   a way to overcome shyness, he studied public speaking at a Toastmasters club.   
      
   Drawing on his stock market winnings, he founded an investment advisory firm,   
   William O’Neil & Co., in 1963 and began producing stock-performance charts   
   delivered to money managers weekly. He launched Investor’s Daily, later   
   known as Investor’s    
   Business Daily, in 1984 and positioned it as a tool for individual investors.   
   The paper regularly included profiles of successful people, some long dead,   
   presented as tutorials on how to thrive.   
      
   â€œAnybody can do well in the market if they are willing to sit down and do a   
   little bit of studying, a little bit of homework so they understand what they   
   are dealing with,â€� he said in the 2006 interview.   
      
   He launched a mutual fund, the O’Neil Fund, in 1965. It did well at first   
   but suffered major outflows when the market turned down in the late 1960s.   
   O’Neil later sold that fund. “We were buying phenomenal small companies   
   that no one had ever seen    
   before, but we bought too many small names,â€� he told the Los Angeles Times   
   later. “We were growing too fast.â€�   
      
   He tried again by offering the New USA fund in 1992 but exited that business   
   after five years. He later set up investment operations in China and India.   
      
   His cramped office was furnished with a metal desk, gray carpeting, a dog   
   portrait and a picture of O’Neil meeting President Reagan in the Oval   
   Office, according to a 2014 profile of him. An official obituary released   
   Monday said he enjoyed    
   neighborhood walks and chicken noodle soup.    
      
   While studying at Southern Methodist, he met Fay Seifert. They married in   
   1952. She survives him, along with four children and eight grandchildren. His   
   philanthropy included major gifts to Southern Methodist.    
      
   â€œI never met anyone, or heard of anyone, or read of anyone who was   
   successful who was a pessimist,â€� he told a reporter from his own newspaper   
   in 2004. “You have to be positive, or you’ll never get anywhere.â€�   
      
   https://www.wsj.com/articles/william-oneil-founder-of-investors-   
   usiness-daily-dies-at-age-90-96da4def?mod=itp_wsj   
      
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