February 11, 2020

First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. 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. The Paperback of the Reminiscences of a Stock Operator by Edwin Lefevre at Barnes & Noble. FREE Shipping on $ or more!.

Author: Manris Arajas
Country: Bangladesh
Language: English (Spanish)
Genre: Automotive
Published (Last): 13 October 2008
Pages: 416
PDF File Size: 9.87 Mb
ePub File Size: 11.32 Mb
ISBN: 611-6-28039-643-4
Downloads: 38081
Price: Free* [*Free Regsitration Required]
Uploader: Malalkree

Reminiscences of a Stock Operator – Wikipedia

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.

Fascinating insights into human nature from a journalist who understood the character about which olerator wrote this book.

They say there are two sides to ev 1- “Another lesson I learned early is opetator there is nothing new in Wall Street. Even more extraordinary, given the feeling of authenticity throughout this book, is that lefeve is a fictionalized account. Such was the life of the trading genius. What’s remarkable is that he was calling these ‘old tricks’ and referring to behaviour in the s. The adventures are captivating. I suppose I really manage to remember when and how it happened.

But you must act instantly or be left.

Reminiscences of a Stock Operator

Without those two credentials, breaking into high finance is hard. Remember Fed Chairman Alan Greenspan’s famous “irrational exuberance” comment?


The reason can wait. In this book, Livermore gives us his trading tips and experiences. I liked the book. Once he moves into more legitimate brokerage trading, the story gets quite repetitive detailing his various trading schemes, along with successes and failures.

If he pushes his confidence to its logical limit he is bound to go broke. I actually enjoyed some chapters of the classic Techni Yeah, I know. Reminiscences of a Stock Operator is the auto-biography of “Jesse Lauriston Livermore”, a famous Wall Street speculator from years ago. This is part-biography, part-guide to speculation, part-warning to the public about the tricks companies and Wall Street pull on private investors to part them from their money.

And their experience invariably matched mine–that is, they made no real money out of it. There can’t be because speculation is as old as the hills. And I don’t think I’ve ever read a better explanation of how each of those things can impact trading decisions and price movements.

Numerous newsletters and authors have urged me to read this book. But apart from what one might call his natural foes, a speculator in stocks has to contend with certain practices or edwln that are indefensible morally as well as commercially. For a guy like myself. But neither do you grow rich taking a four point profit in a bull market.

They are my facts, don’t you see? A trader gets to play the game as the professional billiard player does—that is, he looks far ahead instead of considering the particular shot before him. It was different pefevre. You begin to learn! If I believe something you can be sure it is because I simply must. As many authors stated, the rules of stock exchanges are much different than they are today. He talked with him, got to lefevrs him, and interviewed him extensively.


My cotton deal proved it to the hilt a little later. You always find lots of early bulls in bull markets and early bears in bear markets. If the ooerator traded a quarter of a million shares, it was a huge day.

He must not only observe accurately but remember at all times what he has observed. He only remembers that there One of the best books I have read.

In debt and wrong! Each page of this book should put in a frame and hang on your wall. May 07, George Jankovic rated it it was amazing. It was an utterly foolish play, but all I can say in extenuation is that it wasn’t really my deal, but Thomas’.

It cannot be checked by warnings as to its dangers.