Score: 4. The book narrates Livermore s ascent from a boy plunger to the most influential speculator on Wall Street. While much of the book is devoted to Livermore s experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre.
Years later, many trading and investing books repeat the very same rules first enunciated by Livermore in Reminiscences, such as: go with the trend; no stock is too high to buy or too low to sell; let your winners run and cut your losses short; make your own decisions; and market history repeats itself. Interestingly, Livermore frequently violated his own rules and usually lost money as a result. The enduring appeal to the book rests in Livermore s view that the market is made up of people and the excesses of the market reflect mass psychology and the mistakes of individuals are frequently the result of the inability to control fear and greed.
Thus, the views and lessons of Livermore continue to be relevant to every new generation of investors and traders. This annotated edition bridges the gap between Edwin Lefevre's fictionalized account of Livermore's life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.
This annotated edition will continue the trend. Both contain interesting insights into Livermore's life and times as well as the reasons for his success. They remain classics and must reads for every new aspirant in the world of speculation. The two books in this volume were written in the early s, when Livermore was already famous but still ascending to the peak of his wealth. The nightmare of World War I was fading, and the United States had successfully transitioned from a wartime economy into a peacetime powerhouse.
Americans became enamored of cars, telephones, radios, and movies. A newfound fascination with celebrities extended beyond film stars and athletes to the rich and powerful. People wanted to know how Wall Street wizards like Jesse Livermore spun their magic. Reminiscences is the first-person narrative of a fictional speculator named Larry Livingston, whose life events happen to match precisely those of Jesse Livermore.
He wrote eight other books, but none matched the success of Reminiscences, which has remained in print since and been translated into numerous languages.
Even the understated former Federal Reserve Chairman Alan Greenspan once called it "a font of investing wisdom. The two men were long acquainted and may have traded useful information over the years. A biography claims that Livermore, shortly before his death, acknowle.
Although he died more than half a century ago, Livermore is considered by today's top traders as the greatest trader who ever lived. An enigmatic loner, misanthrope, and notorious miser, Livermore revolutionized the profession with his innovative timing techniques, money management strategies, and high-momentum approach to trading stocks.
Great book, Reminiscences of a Stock Operator pdf is enough to raise the goose bumps alone. Add a review Your Rating: Your Comment:. Abbott by Edwin A. Hot Flatland by Edwin A. Burrows by Edwin G. Touching Spirit Bear by Ben Mikaelsen. There There by Tommy Orange. Now, for the first time ever, this. This is a timeless tale that will enrich your life - and your portfolio. First published in , Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever.
Among the most compelling and enduring pieces ever written on trading, the. There is nothing new in Wall Street. Whatever happens in the stock market today has happened before and will happen again.
The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street. With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time-Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre's fictionalized account of Livermore's life and the actual,.
First published in , Reminiscences is a fictionalized account of the life of the securities trader Jesse Livermore. Despite the book's age, it continues to offer insights into the art of trading and speculation. This investment classic now includes bonus chapters where Jesse Livermore reveals his investment strategies and market insights.
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