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9th out of 21 books
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Reminiscences of a Stock Operator
"Although "Reminiscences."..was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer's frenzy on the foreign exchange markets."
--"Worth" magazine"The most entertaining book written on investing is "Reminiscences" of a Stock Operator, by Edwin Lefevre, first published in 1923."
--"The Seattle Times"
"After twenty...more
--"Worth" magazine"The most entertaining book written on investing is "Reminiscences" of a Stock Operator, by Edwin Lefevre, first published in 1923."
--"The Seattle Times"
"After twenty...more
Hardcover, 308 pages
Published
January 17th 1923
by Doubleday & Company
(first published November 30th 1922)
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This book is a marvel. It's well written. It clings very closely to the trade of a speculator, and barely touches on any personal life. For example, we only learn that the narrator has a wife when someone tries to use her to hook him into a stock manipulation. Everything focuses on the markets, and how the narrator interacts with the markets.
The technology, and the law, have changed enormously. But one of the central points of the book is that fear, greed, hope and ignorance will drive the marke...more
The technology, and the law, have changed enormously. But one of the central points of the book is that fear, greed, hope and ignorance will drive the marke...more
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4.5 stars. This is a great book, expertly written, that takes you inside the mind of stock speculator Larry Livingston (AKA Jesse Livermore), who made and lost fortunes in the stock market in the early 1900s. The narrator is a great writer, who guides the reader through Livingston's ups and downs, speculations, and the logic behind all of it. There is a lot of useful investment advice to be gleaned from this book, but you must know investment terminology. Without it, a lot of the book's informat...more
Reminiscences of a stock broker is hard to pin down. It's not really a novel, in that it has very little plot, it's definitely not a how-to book, and its not really a historical piece either. Instead, it combines elements of all three, and does it well. It stays infinitely more readable then some treatise on stock-picking, while making clear the interesting thought process behind the positions of a very successful trader and giving a nice portrait of what it meant to be in finance at the beginni...more
If you're ever going to invest any of your money in equities or on anyone's behalf you MUST read this book.
This is a kind of pseudo biography of one of the greatest stock speculators the world has seen - Jesse Livermore.
This book is loaded with anecdotes, tips and history lessons from the late 19th to early 20th century US.
Make sure you read the boss hardcover version with the foreword by Paul Tudor Jones, released in 2011 I think. Not only is the layout magnificent but it provides helpful si...more
This is a kind of pseudo biography of one of the greatest stock speculators the world has seen - Jesse Livermore.
This book is loaded with anecdotes, tips and history lessons from the late 19th to early 20th century US.
Make sure you read the boss hardcover version with the foreword by Paul Tudor Jones, released in 2011 I think. Not only is the layout magnificent but it provides helpful si...more
Carries the practicality of a screwdriver with the tang of the Great Gatsby. Reminiscences is full of really excellent anecdotes that reflect a lot of trading wisdom; it doesn't really spell out what the wisdom is, but if you've read other books on trading you'll recognise many of the lessons. Unfortunately though Livermore seems to be an unnaturally talented technical trader, and his later success is really built out of this seemingly latent ability.
But better yet its really well paced and wri...more
But better yet its really well paced and wri...more
Educational and delightful so far. An interesting perspective on the game that is the stock market, and still relevant to playing the current market.
It's hilarious to me how that he uses the "[this] is [this]....not!" turn of phrase all the time. It never fails to make me laugh. Apparently what I thought to be 90's jargon was actually vintage. Ha!
Having now finished it and having learned a little bit about Livermore (aka, "Livingston") it reads a bit like a tragedy. The man was clearly brillian...more
It's hilarious to me how that he uses the "[this] is [this]....not!" turn of phrase all the time. It never fails to make me laugh. Apparently what I thought to be 90's jargon was actually vintage. Ha!
Having now finished it and having learned a little bit about Livermore (aka, "Livingston") it reads a bit like a tragedy. The man was clearly brillian...more
“Воспоминания биржевого спекулянта” впервые были изданы в 1923 году и до сих пор остаются одной из самых популярных книг в области финансовой литературы. Книга Эдвина Лефевра представляет собой беллетризованную биографию Джесси Ливермора, одного из величайших трейдеров в человеческой истории. Изображение рынков и психологии инвестирования обогатило жизнь нескольких поколений инвесторов. Это до сих пор самая знаменитая книга из когда-либо написанных о биржах и биржевой игре. Она рассказывает о пс...more
This is only the second book that I've read about Stock Market speculation, but I'm pretty sure that it'll be hard to find any better. While the second half of this book pretty much flew right over my head, I'm sure that there's something in the first half for everyone - especially amateurs or beginners such as myself.
Even though this book was written such a long time ago, I think the basic principles discussed here are still valid - many reviews echo this sentiment. I suppose the biggest plus a...more
Even though this book was written such a long time ago, I think the basic principles discussed here are still valid - many reviews echo this sentiment. I suppose the biggest plus a...more
One of the most famous financial and trading books in the history of business literature, this book is a fascinating look at securities trading. Better yet--the book is told at the turn of the 20th century, so all of those pesky securities laws don't get in the way like they would now, making for a much better story than one could tell today.
In addition, at the turn of the 20th century there weren't so many issues as there are today making the markets a perfect backdrop to illustrate principles...more
In addition, at the turn of the 20th century there weren't so many issues as there are today making the markets a perfect backdrop to illustrate principles...more
I read this book when I got my first job doing server support for a Wall Street trading floor. I didn't know anything about the markets then, yet this was an easy-to-understand introduction to the world of trading in the form of a very interesting novel. Now that I've been in the industry for a while, I think I'm going to read it again to see what I didn't pick up the first time. This is a very enjoyable book.
If you don't mind reading books online, this book is available for free viewing via go...more
If you don't mind reading books online, this book is available for free viewing via go...more
A classic memoir about Jesse Livermore, one of the great punters of the 20th Century. This book is rich in humorous aphorisms and common sense about stock and commodity trading, and remains a must read for anyone interested in markets. Livermore shorted the crash of 1929, reputedly making the equivalent in today's terms of several billion dollars. He describes the activities of the St Louis bucket shops of the 1890s, as well as many activities that are banned today. But the mentality and competi...more
The story is based on Jesse Livermore (in the book as Larry Livingstone).
The book is very well written and entertaining to read. It is focused almost exclusively on trading and does not cover any personal stories.
Larry Livingstone has made and lost fortunes, and this book takes us through the journey. It highlights all of his biggest mistakes and how he learnt from then and briefly covers some of his successful trading strategies.
The advice presented in this book is timeless.
Recommended for any...more
The book is very well written and entertaining to read. It is focused almost exclusively on trading and does not cover any personal stories.
Larry Livingstone has made and lost fortunes, and this book takes us through the journey. It highlights all of his biggest mistakes and how he learnt from then and briefly covers some of his successful trading strategies.
The advice presented in this book is timeless.
Recommended for any...more
Reminiscences of a Stock Operator is the auto-biography of "Jesse Lauriston Livermore", a famous Wall Street speculator from 100 years ago. Livermore describes many of the tactics that he would use to drive prices, either up or down, and most importantly, how he would use the tape to understand prices.
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 100 years ago, but the overall strategy and...more
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 100 years ago, but the overall strategy and...more
Dec 26, 2009
Don
added it
Lefevre has a straight forward manner to his lifestyle and his trading style. He is aware primarily where the market *as a whole* is headed. How he decides this remains a mystery. Secondarily the 'tale of the tape' is considered. Possibly his best source of information on a particular stock is to buy or sell a chunk of it and observe the market's reaction to it.
He distinguishes speculation to investing and says he is a speculator, not an investor. An investor expects steady gains. A speculator c...more
He distinguishes speculation to investing and says he is a speculator, not an investor. An investor expects steady gains. A speculator c...more
A fun account of life on Wall Street before current security laws were put in force-- a time when grifters, bucket-shops, and manipulators ruled the market. Lefevre does a great job of capturing the rough and tumble life of Jesse Livermore, the famous speculator-- the dialogue in some scenes is particularly good, and reminded me of something out of The Sting.
Of course, reading a book like this for insight into the market is like reading a book on entrepreneurship by Jesse James (or Donald Trump...more
Of course, reading a book like this for insight into the market is like reading a book on entrepreneurship by Jesse James (or Donald Trump...more
Aug 31, 2007
Robert Rubin
rated it
5 of 5 stars
·
review of another edition
Recommends it for:
Investors
This is the ghost-written autobiography of one of the great stock speculators of the 19th and early 20th centuries - Jesse Livermore (under a pen name). Composed in the vigorous, if dated, prose of 1924, Livermore's recollections of his career highs and lows are both entertaining and highly instructive. He does not try to instruct, though he can't help but enlighten the reader through telling his story. The reader's attention is repaid with extraordinary insights into the workings and psychology...more
On Wall Street, as with other industries, there are a few books that are regarded as essential reading; this collection of folk financial wisdom is one of them. Although technically a work of fiction by writer Edwin Lefèvre, it is heavily based on the life of Jesse Livermore, a famous trader of the late 19th and early 20th century (who grew up in the same town as me!). Through relating personal anecdotes of his adventures in the markets, Livermore/Lefèvre discusses his own lessons and rules in t...more
Great memoir detailing the early days of the U.S. stock market (late 19th + early 20th century). The author shows that there is very little new under the sun when it comes to the psychology of speculation, and forcefully argues against the more obvious types of foolishness. One minor complaint is that this book was written during a time when markets were made by a relatively small number of active traders, and many of Lefevre's techniques would not work today for the average trader, given how mu...more
I don't know why I avoided this book for so long. Maybe it's because everyone says it's one of the best trading books ever written and I did not quite believe it because it was written almost a century ago.
The thing that strikes me the most is how many stories feel modern. The same animal spirits and boom and bust cycles that drive prices and cycles today were driving them in 1907.
I would doubt that a year goes by where I do not revisit this book and take something new away from it.
The thing that strikes me the most is how many stories feel modern. The same animal spirits and boom and bust cycles that drive prices and cycles today were driving them in 1907.
I would doubt that a year goes by where I do not revisit this book and take something new away from it.
It is 70 years old, but this is not one you read for modern language or even trading techniques.
Jesse Livermore was a larger than life character and this book follows his life, from the bucketshops to making and losing millions in the early 1900's.
Fascinating. Wish he could have ended his days on the planet better though. Speculations about him being bipolar have surfaced, and without being a professional, I think there is something to it.
A good read about a fascinating man.
Jesse Livermore was a larger than life character and this book follows his life, from the bucketshops to making and losing millions in the early 1900's.
Fascinating. Wish he could have ended his days on the planet better though. Speculations about him being bipolar have surfaced, and without being a professional, I think there is something to it.
A good read about a fascinating man.
Obviously THE classic in its genre. Drove me batty and I actually didn't even endure to the very end - how many times can you see the same guy do the same thing over and over (make it big, lose it all, rinse/repeat)- you want the guy to just end it all, and I was glad I didn't have to read the end to find out he actually did. Still, good stuff and interesting too. The origin of half the investing quotes out there (along with Graham and Buffet)
Written in the 1st person, from the perspective of a stock speculator in the early twentieth century. Follows his career from his early entry as a clerk to his domination of the action.
Although a fictional account, there are many lessons to be learned. Many contemporary stock market investors suggest this book should be required reading.
Even for one whose interest may not be in things financial, this is still an engaging, fun story.
Although a fictional account, there are many lessons to be learned. Many contemporary stock market investors suggest this book should be required reading.
Even for one whose interest may not be in things financial, this is still an engaging, fun story.
This classic from 1923 is an autobiography of Jesse Livermore, legendary stock picker of his time. It captures the atmosphere of the roaring 1920's in vivid detail. From the dingy bucket shops to the bourses in New York, the adventures of "Livingston", as Livermore is known in the trading circles at that time, will teach you more about investor psychology than any contemporary book will.
Very interesting for anyone thinking about becoming a stock trader. This book is based on a real trader who worked in the early days of the stock market, and describes his career path, personal fortunes and misfortunes, and his trading practices. While the mechanics of trading have evolved from the time period of the book, the psychological factors are still relevant today.
Reminiscences of a Stock Operator is a 1923 novel by American author Edwin Lefèvre which is the thinly disguised biography of Jesse Lauriston Livermore. The Wall Street Journal described the book as a "classic" and it is still considered to be one of the all time greatest book written about stock market. We can understand the impact of this book by looking at the year in which it was first published and then realising that it is still selling after so many years during which the stock market wou...more
This is an excellent book of a (fictional?) tale set in the early part of the century. It details a lot of advice that is still relevant to the market today, and lays it out as a narration from Jesse Livermore. It shows the highs and lows of a market participant that is today regarded as one of the great speculators, and does so in an easily consumed style.
"Although "Reminiscences."..was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer's frenzy on the foreign exchange markets."
--"Worth" magazine"The most entertaining book written on investing is "Reminiscences" of a Stock Operator, by Edwin Lefevre, first published in 1923."
--"The Seattle Times"
--"Worth" magazine"The most entertaining book written on investing is "Reminiscences" of a Stock Operator, by Edwin Lefevre, first published in 1923."
--"The Seattle Times"
It's incredible that this book was written over 100 years ago and the advice within is still just as relevant as it was upon its publication. This is a very raw, honest account of a trader's life and what a ruthless arena professional trading is. If you have any delusion of the market being a place of fair trade, this book should teach you otherwise.
Absolute classic. It CAN get a little long winded in the stories - and the 'sidebar' stories and background information/history though awesome and informative are very distracting in the 'kindle' version.
Overall just a fantastic story very interesting. It reminds a person of a poker player discussing their big wins and bad beats.
Overall just a fantastic story very interesting. It reminds a person of a poker player discussing their big wins and bad beats.
어느 주식투자자의 회상 - 월스트리트의 주식투자 바이블 개정판. Quote p. 27. Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market to-day has happened before and will happen again.
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