First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. 21 Dec 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. 12 Mar Reminiscences of a Stock Operator, by Edwin Lefevre, is a classic investing book that focuses on the character Larry Livingston. Which is really.

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Reminiscences of a Stock Operator by Edwin Lefèvre

Why bother reading the current slew of books about Wall Street cons when you can buy this classic for pennies? Wait till I cash the other tickets. You begin to learn! The reason for what a certain stock does today may not be known for two or three days, or weeks, or months.

It’s regrettable that this biography did not detail the end of Remiinscence life, where he finally shot himself in the head, a deeply depressed and unhappy man. However, the Cosmopolitan people were not satisfied with the awful handicap they had tacked on me, which should have been enough to beat anybody.

When the manager told me that I said to him, “Tell him I am a short fat man with dark hair and a bushy beard! Protected income that keeps coming. We had some of the biggest high rollers the Street ever saw: That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. This seldom cost the bucket shop more than a couple of points on a few hundred shares, and they made thousands of dollars.

The book talks of his experiences from his first trade on Burlington and his profit of 3. A fellow told me the originator cleaned up seventy thousand dollars net, and his agents made their expenses and then pay besides. The market does not beat them.


I should say that a chart helps those who can read it or rather who can assimilate what they read. As it was he got two lines on the fifth. I had good and bad spells, but I was doing better than breaking even. This portrait of Dorothy Livermore, Ziegfield showgirl, was commissioned by her husband Jesse before she was twenty.

As many authors stated, the rules of stock exchanges are much different than they are today.

Full text of “Jesse Livermore Reminiscences Of A Stock Operator”

Well, I thought it would be a pity not to do as the nice man of the bucket shop was so anxious to have us do, so I told him I would do as he wished, because I had heard that lots of people made lots of money in the stock market. It took me longer to get that general principle fixed sock in my mind than it did most of the more technical phases of the game of stock speculation. I didn’t ask the tape why when I was fourteen, and I don’t ask it to-day, at forty. The jewelry is all real.

When you wished to close your trade you went to the clerk the same or another, it depended on the shop and you told him. Reading, rmeiniscence very teminiscence feel that the book was written years ago it could have been 1 year ago. About a couple of months after I got back to New York an old jigger came into Fullerton’s office.

I’ve always looked young.

Aug 05, John rated it liked it Shelves: This man, who was quite a market factor in his day and a member of the New York Stock Exchange, made a great name for himself as a bear during the Bryan panic of ‘ Then all of a sudden I didn’t like the way Sugar was doing its hesitating.

In speculation when the market goes against you you hope sotck every day will be operqtor last day—and you lose more than you should had you not listened to hope—to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.


Some of your customers are bound to make money on paper for a while, even if they and the others eventually lose. Louis just now, but some day I will. Now that the markets are all fully imersed in the information age, a single speculator would be hard pressed to use the exact tactics that Livermore used years ago, but the overall strategy and how the markets actually operate is surprisingly the same.

It always was my sitting. I had had time to think calmly of some of my foolish plays; and then, one can see the whole better when one sees it from a little distance.

It was a game that I could beat, and I did. And, anyhow, it didn’t pay, though I only traded there twice. But fate does not always let you fix the tuition fee. She wanted me to put it away in the savings bank out of reach of temptation. When I think stocks will go up, I buy. I tsock a job as quotation-board stlck in a stockbrokerage office.

They didn’t refuse my business point-blank, as the small concerns had.

Reminiscences of a Stock Operator

And then, like the physician who keeps up with the advances of science, the wise trader never ceases to study general conditions, to keep track of developments everywhere that are likely to affect or influence the course of the various markets. This book was written in the mids. Pretty soon I heard the clicking of a telegraph instrument and I saw Tom Burnham, the clerk, turn his head quickly and listen.