The remarkable rises and falls coupled with his ability to learn from his mistakes makes the main character, in my view, a savant in the field of "life". The narrative, set in the early twentieth century, is from Livingston’s rather unique point of view. I've never forgotten that. Reminiscences of a Stock Operator - Chapter 12. [2], The book can be divided into three parts:[2], In his 2008 book, The Age of Turbulence, Alan Greenspan called the book "a font of investing wisdom" and noted that quotes from the book such as "bulls and bears make money; pigs get slaughtered" are now adages. But when the first edition of the book was published, the first article was left out. If shares were going up in value, he went long: if they were going down, he went short. In the age of Reg FD and high frequency trading, how insightful can the 'reminiscences of a stock operator'/expert 'tape reader' from almost a century ago be? EMBED (for wordpress.com hosted blogs and archive.org item tags) Want more? Please try again. It’s the wild west of finance by someone who understood every nuance of it. The main character of the book has a rational judgement of someone from this era. The diversity of characters and personalities makes it a very entertaining read. How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition, The Disciplined Trader: Developing Winning Attitudes, Your recently viewed items and featured recommendations, Select the department you want to search in, No Import Fees Deposit & $8.73 Shipping to Canada. --William O'Neil, founder and Chairman, Investor's Business Daily, "Whilst stock market tomes have come and gone, this remains popular and in print ninety years on." Reviewed in the United Kingdom on July 17, 2020. —from Reminiscences of a Stock Operator First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Jesse Livermore, one of the greatest speculators who ever lived. It's a rather a short 240 page 'fictional biography' of 20th century stock trader Larry Livingston. He claims that at rare times he would have a hunch of where the market was going and when he followed his instincts he would always profit from it. Stock and commodity trader. EMBED. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point. A timeless classic! Jesse Livermore Reminiscences Of A Stock Operator Item Preview > remove-circle Share or Embed This Item. In December 2009, Wiley published an annotated edition in hardcover, ISBN 0-470-48159-5, that bridges the gap between Lefèvre's fictionalized account and the actual people and places referred to in the book. Wiley; Revised edition (January 17, 2006), The Reminiscences Of A Stock Operator - Written Almost A Century Ago And Still As Relevant Today, Reviewed in the United States on September 15, 2013, 1- "Another lesson I learned early is that there is nothing new in Wall Street. The reminiscences of a stock operator, by Edwin Lefevre, has the distinction of being one of the favorite reads and most recommended books among professional stock traders. The nuggets of wisdom it drops in your lap from what seems like every page can be applied in your every day life as well as in the stock market. There was an error retrieving your Wish Lists. It also analyzes reviews to verify trustworthiness. Reviewed in the United States on April 14, 2018. There are also a number of fun stories depicting the wild ride of investing in the markets before regulations really kicked in. Reviewed in the United Kingdom on May 15, 2020. --The Seattle Times, "After twenty years and many re-reads, Reminiscences is still one of my all-time favorites." Please try again. I have come cross that book several times in many reading list, but somehow, I skipped it. Essential reading for anyone who wants to understand the philosophy of trading - the principles are timeless. This is my recap for the fourth book in the challenge, Reminiscences of a Stock Operator, by Edwin Lefevre. Edwin Lefevre’s book Reminiscences of a Stock Operator focuses on Jerry Livingston, a depiction loosely based on the real-life stock trader Jesse Livermore. Albeit not an investor or a trader myself, I have read Reminiscences several times and each time it seems to deliver something new, something intangible, something that seems to make you wiser. Livermore has often been quoted by modern day market guru's, for good reason. There can't be because speculation is as old as the hills. If stock continued along a trend he bought more shares. Reminiscences seems to be referenced in just about every story about and a profile of a successful investor. When he made mistakes - and he made plenty - they were the result of miscalculation and not emotion. Moreover, what I ascertained from reading this was how despite it now being almost a century later, the same emotions of fear, greed and hope still continue to drive people today as they did then. "The most entertaining book written on investing." In Market Wizards by Jack D. Schwager, many investors, including Richard Dennis, quoted the book as a major source of material on stock trading. Wanted to have it on my Kindle too. — The Seattle Times A timely and much-favored resource for Wall Street analysts and players, Reminiscences of a Stock Operator offers a compelling look at American business.The thinly veiled biography of real-life speculator Jesse Livermore (1877–1940), who made and lost many fortunes, accurately captures the experiences and thoughts of … "...is a classic that gives readers a sense of a trader's mind..." (Wall Street Journal, August 7, 2006), "…an engaging read, chock-full of pearls of wisdom and amusing anecdotes...candid and analytical style evoking sympathy for the narrator." Reviewed in the United Kingdom on July 19, 2019. . Until last month. "Although Reminiscences. It takes a man a long time to learn all the lessons of all his mistakes. I went into this book with no knowledge of trading. Unknown to most modern-day investors and traders who cherish Reminiscences of a Stock Operator as one of the most important investment books ever written… It further explains how Cosmopolitan Stock Brokerage Company took his trading and the consequences that he faced at that time. (Money Week, October 2006), “…contains timeless advice on the markets.” (The Independent, Extra, Thu 13th March), "Although Reminiscences. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Top subscription boxes – right to your door, © 1996-2021, Amazon.com, Inc. or its affiliates, "…an engaging read, chock-full of pearls of wisdom and amusing anecdotes...candid and analytical style evoking sympathy for the narrator." The subject is Jesse Livermore. He did not allow emotion or rumours to influence his decisions. It is believed that the story is real and it talks about life of Jesse Lauriston Livermore (1877-1940). ―GQ magazine First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. I have read all of Jack Schwager's "Market Wizards" books and struggle to remember a single interviewee that did not mention, in a positive way, this timeless classic my Edwin Lefevre. He often use the term: 'Stock prices move along the line of least resistance.' Don't expect much in the way of technical trading education, but if you are already a trader/investor operating in the markets, and have a bit of an imagination, this book will give you an invaluable insight into the operations of a market maker. Livermore was one of the most notorious traders of all time. Advanced embedding details, examples, and help! was first published some ninety years ago, its take on crowd psychology and market timing is as timely as last summer's frenzy on the foreign exchange markets." Edwin Lefevre wrote the series over 12 months starting in 1922. Dated But Still Full Of Wit and Wisdom That Everyone Can Still Appreciate Today, Reviewed in the United States on May 9, 2015. This is a timeless tale that will enrich your life―and your portfolio. It also includes a foreword by hedge fund manager Paul Tudor Jones. Although the tools may have changed, human psychology is still the same and the book is full of insights that anyone who has played around in the market or chosen it as a career will surely appreciate. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. ―Kenneth L. Fisher, Forbes, "A must-read classic for all investors, whether brand-new or experienced." ―Kenneth L. Fisher, Forbes, "A must-read classic for all investors, whether brand-new or experienced." No_Favorite. When I was in the middle of this book I started to feel sad that the book will eventually end. You need to have both perspectives to understand the whole person. . by second chapter I knew this book is going to become one of my favourite, Reviewed in the United Kingdom on May 12, 2019. Please try your request again later. Reminiscences of a Stock Operator Language: English: LoC Class: HG: Social sciences: Finance: Subject: Speculation Subject: New York Stock Exchange Subject: Investments Category: Text: … Please try again. Reminiscences of a Stock Operator originally began as a twelve article series for the Saturday Evening Post. Entrá y conocé nuestras increíbles ofertas y promociones. Anirudh Sethi In Analysis, Education. To get the free app, enter your mobile phone number. I highly recommend that you read this in conjunction with the biography of Jesse Livermore. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point. Bucket shops in those days seldom lay down on their customers. First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Jesse Livermore, one of the greatest speculators who ever lived. A Book of Practical Counsel (Revised Edition), The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books, Big Profits), One Up On Wall Street: How To Use What You Already Know To Make Money In The Market, Market Wizards, Updated: Interviews with Top Traders, Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude, How I Made $2,000,000 in the Stock Market, Tao of Jeet Kune Do: New Expanded Edition, "...certainly one of the most entertaining books ever written about stock trading..." (. 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