Investor’s Business Daily founder and SMU grad William J. O’Neil dies at 90

at SMU’s Meadows School of the Arts and a professorship in markets and freedom at its Cox School of Business.

William J. O’Neil was born on March 25, 1933, in Oklahoma and was raised in Texas, graduating from high school in Dallas. He earned a bachelor’s degree in business administration from SMU in 1955. O’Neil said following his own rules in early 1962 led him to sell all his stocks, “with no idea the market was headed for a real crash that spring.”When he continued to bet on falling prices for some stocks, including building-materials manufacturer Certain-Teed Products Corp., “I got into trouble with Hayden Stone’s home office on Wall Street,” he wrote. “The firm had just recommended Certain-Teed as a buy, and here I was going around telling everyone it was a short sale.

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