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Reminiscences of a Stock Operator

4.20  ·  Rating details ·  12,826 ratings  ·  490 reviews
First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Jesse Livermore, one of the greatest speculators ever. Reminiscences remains the most widely read, highly recommended investment book ever written. Generations of investors have found that it has more to teach them about themselves and other investors than years of experience in th ...more
Paperback, 304 pages
Published May 25th 1994 by Wiley (first published November 30th 1922)
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Average rating 4.20  · 
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 ·  12,826 ratings  ·  490 reviews


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Omar Halabieh
Jul 19, 2013 rated it really liked it
1- "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. I've never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience."

2- "It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to ev
...more
John
Aug 05, 2013 rated it liked it
Shelves: audiobooked
1) This is a 300 page bull-sesh

2) Good to audiobook in order to run the gamut of market reactions on yourself on somebody else's dime

3) Make no mistake this is not a good book, really dull compared to More Money Than God, When Genius Failed, or The Black Swan; less so than what little I read/remember of The Intell. Inv., but obvi RSO is addressing something wholly different than any of those

4) Definitely could have used this when I was a wannabe day trading teen, would have hated it, but I thin
...more
Duffy Pratt
Jan 17, 2011 rated it really liked it  ·  review of another edition
Shelves: memoir, trading
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
Belhor
Jan 16, 2014 rated it it was amazing  ·  review of another edition
If you have the slightest interest in stock markets then you should read this book. Even though it got dry at some parts in the middle of the book, I truly enjoyed it.
Erwin
Apr 22, 2011 rated it really liked it  ·  review of another edition
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
Bill
May 26, 2014 rated it it was amazing  ·  review of another edition
I read this book virtually every summer, not only as a very interesting historical account of the life of a famous Wall Street trader in the early 1900s, but also as a learning tool. Or should I say continuing education. While the rules and regulations of Wall Street have changed dramatically since this book was first published in 1923, human nature remains virtually unchanged. Fear, greed, hope and pride are the same today as they were in the early 1900s and these core fundamental human emotion ...more
David
Aug 12, 2015 rated it it was ok  ·  review of another edition
An interesting insight into the work of Jesse Livermore, one of the most prominent stock speculators of the early 20th century. 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 ...more
George Jankovic
May 07, 2016 rated it it was amazing  ·  review of another edition
This book is almost a hundred years old, but it's timeless. It chronicles the life of one of the most legendary stock traders. It reads like a fiction book. One can learn and have fun.
Christian Cianci
Aug 30, 2016 rated it really liked it  ·  review of another edition
One of my favorites. I'm a big time Jesse Livermore fan. For a guy like myself. I didn't come from a shiny university or have bankers as parents. Without those two credentials, breaking into high finance is hard. Livermore worked his way up, started with $0 and earned over $100 Million. His life is full of tragedy and redemption. He is a great American storyteller and turn of the century personality. More people should take the time to get to know the story behind Jesse Livermore.
Subinjith Sukumaran
What i think is he really was an heavy trader who cared more for the game of stock broking principles rather than the money part.A detailed book of intrinsic thoughts and feelings as an stock broker experiences during the trade off from his early trading days itself and how it actually affected his trading actions.good read
Mitch Berkson
If you can get past it being a book length humblebrag (I could), it's an entertaining look at the activities of one of the most successful stock traders of the early twentieth century. The last third became a bit repetitive.

Don't get the idea that you'll learn how to make millions of dollars in the same way that he did though. It's full of the usual aphorisms and whatever the secret sauce is is a result of the idiosyncratic details of their successful application.
David Wineberg
Nov 05, 2018 rated it it was amazing  ·  review of another edition
Reminiscences of a Stock Operator is a rollercoaster ride on pre SEC stock markets. It’s the wild west of finance by someone who understood every nuance of it. The book was written in the first person by Edwin Lefevre, but he refers to the hero throughout as Larry Livingston, and it is widely recognized to be the autobiography of Jesse Livermore, to whom the book is dedicated. It was first published in 1923 and republished every decade since. Human failings never go out of style. Especially when ...more
Vladimir V.
Aug 16, 2015 rated it it was amazing  ·  review of another edition
Recommends it for: traders with some experience
Shelves: trading
Jesse Lauriston Livermore. Certainly one of the greatest traders the history has ever known. Shall I say that? An “absolutely-must-read-book” for any (aspiring) market professional. What's hard to tell, however, is how a novice-trader would perceive this writing. See, I've read it only after I've been on the market for about six years. And as I was reading, it felt as I was talking to my pal who's just gone through the same things. I couldn't stop. Every other line would make so much sense to me ...more
Marcelo Bahia
Dec 23, 2018 rated it really liked it  ·  review of another edition
Shelves: investing
Yeah, I know. I should have read this book a long time ago. But my investment career since the beginning was had at bottom-up equity houses, which invariably made my younger self a Warren Buffett-wannabe (like we haven't enough of them already) who abhorred trading material such as technical analysis or speculation like this one. Only after a long time I had the maturity and open mindedness to be curious and dive on such texts (a confession: I actually enjoyed some chapters of the classic Techni ...more
Rohan
Feb 24, 2017 rated it it was amazing  ·  review of another edition
One of the best books I have read.

"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that ? You begin to learn!"

"As a rule a man adapts himself to conditions so quickly that he loses the perspective. He does not feel the difference much —that is, he does not vividly remember how it felt not to be a millionaire. He only remembers that there
...more
Siva Ranjan
Jul 20, 2015 rated it did not like it  ·  review of another edition
Didn't find this book as insightful as the other books on Investing. It's an endless rant on speculation in an unregulated market during the early 1900's. Markets have matured and evolved now so the book also doesn't stand the test of time.
Terry Kim
Aug 09, 2015 rated it really liked it  ·  review of another edition
Interesting book that entails part fictional journey of Jessie Livermore on what is possible as a successful Stock Operator.

Entertaining and educational. Although the time frame of the book is around 1900, lot of the obstacle revealed in the book is relevant to the current markets.
Manan
Mar 04, 2013 rated it it was amazing  ·  review of another edition
Fantastic book. Only if I could give it more than 5 stars. Add to the list of books to be reread many times over.
Rolandas
Apr 21, 2015 rated it it was amazing  ·  review of another edition
Must read for everyone investor
Subin Sukumaran
Dec 17, 2015 rated it it was amazing  ·  review of another edition
This is the best book I have read so far on stock trading. Each page of this book should put in a frame and hang on your wall. A must read.
Valery Bartashevich
Absolute MUST-READ and timeless classics!
(If I had to recommend one book to read on the topic of trading in financial markets,
I would recommend this one!)
Hannah Barry
This is a highly knowledgable book packed to the brim with historical information and tips and insights of the trade. However, it was so dry that it felt more like reading a textbook that I was assigned. Informative, yes, but there was nothing to the book that kept the reader interested--save for those readers who perhaps already had an interest in the stock trade, etc.

It was also not a very well-edited book (perhaps that was just the kindle edition?), which added to the difficulty when reading
...more
Mauro
Nov 24, 2019 rated it liked it  ·  review of another edition
This is a biography in disguise of famous self-made financier Jesse Livermore (here called "Lawrence Livingston").

For people with an interest in financial markets, the book has a lot of solid advice that's still valid a century after it was published. I've dabbled a bit with stocks (well, gambled really) and found many of my mistakes described in the book. I also found it interesting to learn how markets worked in the early 1900s. Market manipulation was rampant (there's a lot of talk about buck
...more
Zhou Fang
Mar 16, 2018 rated it really liked it  ·  review of another edition
Reminiscences of a Stock Operator is the only book I've read on trading in the markets that actually seems to be written by someone who knows what the experience is like. Although the account is a bit fictionalized, it is written from the first person perspective of "Larry Livingston." Livingston is actually Jesse Livermore, a real life speculator who lived through the early 1900s.

Livingston starts out studying pricing patterns and making money in bucket shops as a boy trader. He was very effect
...more
John Hively
Jul 17, 2017 rated it really liked it  ·  review of another edition
Interesting read. Reads like a first person novel.
Dr. SUMIT MEHINDRU
True legend.one of the best book I read recently
Chef
Apr 13, 2020 rated it it was amazing  ·  review of another edition
The reviews here have pretty well covered the core content but I'd emphasize that the Edwin Lafevre edition has a bunch of side bars and additional information relevant to both the personal story of Livermore and the economic/social conditions that set the scene for the story.
Ilya Mikov
Jan 21, 2020 rated it it was amazing  ·  review of another edition
The first part of this book was the most interesting, in my view. However, I suggest a reader should finish the book anyway, there's much to learn. Never mind that the events in the book took place over one hundred years ago, nothing has changed in principle.
Henrik Haapala
Feb 08, 2018 rated it it was amazing  ·  review of another edition
Shelves: wealth
”I think it was a long step forward in my trading education when I realized at last when old Mr. Partridge kept on telling the other customers, ”Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements – that is, not in reading the tape but in sizing up the entire market and its trend.
And right here let me say one thing: After spending many years in Wall Sreet and after making and losing millions of d
...more
Walter
This book is one of the premier works about the trading of stocks and commodities. Written by Edwin Lefevre, a business writer of the 1900-1920 era, it is actually the story of Jesse Livermore, one of the greatest stock traders of all time. Livermore started trading at the age of 15 and became known as the "Boy Plunger" because he was famous for taking huge short positions in the market, hoping to profit from price declines. Livermore was an active trader on the NY Stock Exchange for 40 years, a ...more
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Edwin Lefèvre (1871–1943) was an American journalist, writer, and statesman most noted for his writings on Wall Street.

George Edwin Henry Lefèvre was born in Colón, Colombia (now Republic of Panama). His father had sent Edwin to the United States when he was a boy and he was educated at Lehigh University where he received training as a mining engineer. However, at the age of nineteen, he began his
...more

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