Reminiscences of a Stock Operator
Jesse Livermore and Edwin Lefevre
We're excited to share with you Jesse Livermore's Reminiscences of a Stock Operator, a 1923 classic considered by many, including us at Goldmau, to be one of the best books on investing ever written. Thanks to its age, the book has now entered the public domain and we're able to bring it to you free. Despite its age, we find it to still be extremely relevant because of its narrative on the psychology of stock trading. If you've been an investor for 50 years or 5 days, you're sure to benefit from this must-read work.
Beyond just a fascinating analysis of a trader's mind, Reminiscences of a Stock Operator is also a riveting profile of Livermore, a man who both made and lost hundreds of millions over the course of a rollercoaster life.
So, without further ado, we present to you Reminiscences of a Stock Operator. The entire book is available here. It's a bit much to read in one sitting so we recommend you bookmark it so you don't lose your place. If you're enjoying it as much as we are, email it to a friend so they can read it too.
I WENT to work when I was just out of grammar school. I got a job as quotation-board boy in a stock-brokerage office. I was quick at figures. At school I did thre (more...)
BETWEEN the discovery that the Cosmopolitan Stock Brokerage Company was ready to beat me by foul means if the killing handicap of a three-point margin and a point (more...)
It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock marke (more...)
Well, I went home. But the moment I was back I knew that I had but one mission in life and that was to get a stake and go back to Wall Street. That was the only p (more...)
THE average ticker hound or as they used to call him, tape-worm goes wrong, I suspect, as much from over specialization as from anything else. It means a (more...)
IN the spring of 1906 I was in Atlantic City for a short vacation. (more...)
I NEVER hesitate to tell a man that I am bullish or bearish. But (more...)
THE Union Pacific incident in Saratoga in the summer of 1906 (more...)
CRUISED off the coast of Florida. The fishing was good. I was (more...)
THE recognition of our own mistakes should not benefit us any (more...)
AND now I'll get back to October, 1907. I bought a yacht (more...)
NOT long after I closed my July cotton deal more successfully (more...)
THERE I was, once more broke, which was bad, and dead wrong (more...)
IT has always rankled in my mind that after I left Williamson (more...)
AMONG the hazards of speculation the happening of the (more...)
TIPS! How people want tips! They crave not only to get them (more...)
ONE of my most intimate friends is very fond of telling (more...)
HISTORY repeats itself all the time in Wall Street. Do you (more...)
DO not know when or by whom the word "manipulation" (more...)
MYSELF never spoke to any of the great stock manipulators (more...)
AM well aware that all these generalities do not sound (more...)
ONE day Jim Barnes, who not only was one of my principal (more...)
SPECULATION in stocks will never disappear. It isn't (more...)
THE public always wants to be told. That is what makes (more...)
