First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. And thanks to American journalist Edwin Lefevre’s Reminiscences of a Stock Operator, a work of “fiction” that is in fact a thinly veiled biography. The Paperback of the Reminiscences of a Stock Operator by Edwin Lefevre at Barnes & Noble. FREE Shipping on $ or more!.
|Published (Last):||23 March 2009|
|PDF File Size:||13.2 Mb|
|ePub File Size:||2.86 Mb|
|Price:||Free* [*Free Regsitration Required]|
It seems so obvious now that tape reading is not enough, irrespective of broker execution, that Operaotr wonder why I didn’t then see both my trouble and the remedy for it. He talked with him, got to know him, and interviewed him extensively.
Of course, this book has a significantly different bend – with reminiscencds narrative primarily being about huge sums of money won and lost through big and mostly bearish stock market trades. Jul 17, John Hively rated it really liked it. His life is full of tragedy and redemption. What’s remarkable is that he was calling these ‘old tricks’ and referring to behaviour in the s.
Reminiscences of a Stock Operator by Edwin Lefèvre
The book tells the story of Livermore’s progression from feminiscences trading in the then so-called “New England bucket shops ,” to market speculator, market maker, and market manipulator, and finally to Wall Street where he made and lost his fortune several times over. Those of us who have more than a decade in the investment profession know how important such an attitude lefevte, and how painful losses can be, even though we know there’s a component of luck in everything we do.
It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind. This page was last edited on 29 Augustat They say you never grow broke taking profits. But soon had to declare personal bankruptcy on over a million dollars. There can’t be because speculation is as old as the reminisences.
In other words, the market may at times not behave randomly because people are able to stlck together to scheme, but over the long run the schemers themselves get undone because human behavior is inconstant.
Losing money is the least of my troubles.
No trivia or quizzes yet. But one of the central points of the book is that reminiscencees, greed, hope and ignorance will drive the markets for as long as humans make trading decisions.
Given that this book is primarily an account of his numerous failures, contradictions, and his total inability to ever enjoy a vacation with his endlessly acquired, and then destroyed fortunes, the only thing I’m left confused by is why any sane human in their right mind would ever read this book as investment advice, which it seems that a good many confused people have An interesting insight into the work of Jesse Livermore, one of the most prominent stock speculators of the early 20th century.
The speculator’s chief enemies are always boring from within. There is a lot of useful investment advice to be gleaned from this book, but you must know investment terminology.
Reminiscences of a Stock Operator
Options are covered but I think they were relatively relegated to the commodities market during this time. This is only the second book that I’ve read about Stock Market speculationbut I’m pretty sure that it’ll be hard to find any better. Generations of readers have found that it has more to teach them about markets and people than years of experience.
This is the best book I have read so far on stock trading. Jesse never gets angry at the reminiscrnces at least in theory when he’s speaking to his biography writer and always sees his financial losses as a toll price to pay for his trading lessons.
It gets to be an instinct to play for position. However, ignoring his own rules and falling to the emotions of hope, fear, greed and pride, Livermore was often flat broke during his career and remiinscences bankruptcy in The huge successes, the huge corporations — pretty much all have faded away.
I’m a big time Jesse Livermore fan. Did you get that? He tracks stock movements and does not concern himself all that much with actual market fundamentals.
The cotton showed me a loss and I kept it. Considering that life is so short and time is so lefvere, the life of the speculator wouldn’t be one of my first choices.
If you like books and love to build cool products, we may be looking for you. Broke again and incapable of assuming the offensive vigorously.
This book was written in the mids.