Page 923 - How to Make Money in Stocks Trilogy

172 HOW TO MAKE MONEY IN STOCKS SUCCESS STORIES

• KEY POINTS •
• Make sure you understand a stock’s underlying story. What
is making the company successful? What are the key con-
cepts that will keep it highly profitable?
• Try to put in a half hour of study each day and begin to put
the CAN SLIM principles to work.
• All you need are one or two great stocks in a year, and you
can achieve some outstanding results.

Portfolio Managers: Mike Webster and Charles Harris

“Fast as the wind, quiet as a forest, aggressive as fire,
and immovable as a mountain.”

—SAMURAI BATTLE BANNER

This saying mirrors the quiet but swift decisions that a professional must
make while trading. Mike and Charles have been portfolio managers for
O’Neil Data Systems, Inc., for over a decade. They are hard-working and
passionate about the market, and both are polite and unassuming despite
the tremendous amount of success they have had in their trading accounts,
both professionally and personally.

Mike Webster
Mike had been interested in investing since he was very young.
“When I was 24 years old,” Mike says, “I read Peter Lynch’s One Up on
Wall Street, which had a profound impact on how I looked at a company’s
products and services. Lynch was a buy-what-you-know guy, and that just
made sense to me, so I was on the lookout for that great next product to give
me an edge. Around that time, I took a tour of the Robert Mondavi Winery
up in Napa Valley, and I was blown away. I couldn’t believe the amount of
detail that went into every aspect of the business, from how they avoided
diseases that would kill the grape vines down to inventing new nonspill wine
bottles. I went home and ordered all of their annual reports and read them
cover to cover. Though I was too new to investing to really understand the
data, I was absolutely convinced that this was going to be a great stock. The