Investor's Business Daily

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Investor's Business Daily
Investor's Business Daily (front page).jpg
Type Daily newspaper
Format Broadsheet
Publisher William J. O'Neil
Founded 1984 (as Investor's Daily)
Headquarters 12655 Beatrice Street
Los Angeles, CA 90066
United States
Circulation 157,161(March 2013)[1][dead link]
Website www.investors.com

Investor's Business Daily (IBD) is a weekday newspaper in the United States, covering international business, finance, and economics. Founded in 1984 by William O'Neil, its headquarters are in Los Angeles, California.

IBD provides information about stocks, mutual funds, commodities, and other financial instruments aimed at individual investors. Statistics using earnings, stock price performance, and other criteria are presented, together with index and stock charts. The stock and mutual fund information is designed to be used along with the founder William O'Neil's book How to Make Money in Stocks, which promotes his CAN SLIM method.[2][3]

History[edit]

Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 to "offer information not available in The Wall Street Journal and other publications" for "investors and business executives who did not have time for two and three section papers each day."[4] It also provided investor education through its Investor's Corner, the Big Picture, and online resources. The information provided expands on William O'Neil's previous books. IBD includes several written sections that detail companies and news of interest. It also covers internet and technology stocks in particular, and has a substantial editorial and opinion section.

In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily. Ten years after founding, it had a paid circulation of 149,557, with a claimed "total readership" of 850,000 (also phrased as "nearly 1,000,000 readers"),[citation needed] though in 2002, the Los Angeles Business Journal said that it has not been a moneymaker, and had had a decline in ad spending, though other O'Neil companies had done well.[citation needed]

Editorials[edit]

Investor's Business Daily also carries editorials and columns on topics from "economics and government to politics and culture".[5] It carries columns from writers it describes as "On The Left and On The Right",[6] including L. Brent Bozell, Richard Cohen, E. J. Dionne, Victor Davis Hanson, Charles Krauthammer, and Thomas Sowell. Of these columnists, E.J. Dionne and Richard Cohen represent the liberal view, and the others represent the right. Pulitzer-winning cartoonist Michael Ramirez has worked for IBD since late 2005. Investor's Business Daily also publishes editorials skeptical of peak oil and global warming, often proposing alternate solutions.

The newspaper's editorial pages have been a source of ridicule.[7] On July 31, 2009, an editorial in Investor's Business Daily claimed that physicist Stephen Hawking "wouldn't have a chance in the U.K., where the [British] National Health Service (NHS) would say the life of this brilliant man, because of his physical handicaps, is essentially worthless."[8] As Hawking has always lived in the U.K. and receives his medical care from the NHS, the editorial was widely derided.[9][10] Hawking himself responded: "I wouldn't be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived."[11] IBD later removed the erroneous editorial's reference to Hawking in its online version, and appended an "Editor's Note" which said, "This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the University of Cambridge, did not live in the UK."[12]

References[edit]

  1. ^ "Total Circ for US Newspapers". Alliance for Audited Media. March 31, 2013. Retrieved June 18, 2013. 
  2. ^ "What is CAN SLIM?". William O'Neil + Co. Incorporated. 
  3. ^ "IBD's CAN SLIM(R) Investing System Outperforms: +1521.7 vs. S&P 500 +54.92". Reuters. January 31, 2008. 
  4. ^ IBD Press Center page[dead link]
  5. ^ IBD About Us page
  6. ^ IBD Left-Right Editorial page
  7. ^ Metz, Cade (2009-08-12). "Obama health reform critics face inconvenient truth". The Register. Retrieved 2014-08-14. 
  8. ^ Maniquet, Scott (2009-08-12). "Stephen Hawking defends British health care system against U.S. conservatives". National Post. Retrieved 2009-12-08. 
  9. ^ Klein, Ezra (August 10, 2009). "How Stephen Hawking Proves That Investor's Business Daily's Editorial Page Tells Lies". The Washington Post. Retrieved August 17, 2009. 
  10. ^ Katz, Gregory (August 14, 2009). "Britons unite to defend health care amid US debate". San Jose Mercury News. Retrieved August 17, 2009. [dead link]
  11. ^ Damien McElroy, Stephen Hawking: I would not be alive without the NHS, The Daily Telegraph (August 12, 2009). Retrieved May 29, 2014.
  12. ^ "How House Bill Runs Over Grandma". Investor's Business Daily. 

External links[edit]