Reminiscences of a Stock Operator

By Edwin Lefèvre and Edwin KLefevre

Book Overview

Unknown to most modern-day investors and traders who cherishReminiscences of a Stock Operator as one of the mostimportant investment books ever written, the material firstappeared in the 1920s as a series of articles and illustrations inthe Saturday Evening Post. Now, for the first time ever, thisbeloved classic is being made available in its original, illustrated format.

You'll track the exploits of Jesse Livermore as he won and losttens of millions of dollars playing the stock and commoditiesmarkets during the early 1900s. At one point, he made the thenastronomical sum of 10 million dollars in just one month oftrading

Originally published as a fictionalized account, theIllustrated Edition combines the Saturday Evening Post'smemorable illustrations with Edwin LeFevre's timeless investmentadvice, recreating the look, feel, and message that was firstpublished more than 80 years ago. Among the most compelling andenduring pieces ever written on trading, the new IllustratedEdition brings this story to life like never before. Order yourcopy today.

• Format: Hardcover
• Language: English
• ISBN: 0471678767
• ISBN13: 9780471678762
• Release Date: October 2004
• Publisher: Wiley
• Length: 272 Pages
• Weight: 2.75 lbs.
• Dimensions: 0.6" x 8.7" x 11.0"

Customer Reviews

This is my "bible" of investing

I have a library of nearly 100 books about the markets. Reminiscences was the third book I ever read and it remains my "bible" more than a decade later. You might wonder how an 80-year old book about the stock market could still be relevant. Well, that is because financial markets are determined by human nature as much as anything else, and human nature acts today as it did a century ago. Greed, fear, herd thinking, impatience - those are the same influences that drive markets today and haunt traders and investors who are striving to make the right decisions. Many of the lessons that dictate my investment philosophy ("Cut your losses, let your winners run", "if you don't like the odds, don't bet") were taught to me by the protagonist, who is the fictional characterization of the legendary Jesse Livermore. That he tells his stories with such color and suspense makes the book completely entertaining beyond its invaluable trading lessons. BUY THIS BOOK FOR YOURSELF. BUY ANOTHER ONE FOR A FRIEND (I've given 4 copies). You'll not only improve your own investing results, but your gift will impress as well.

A FANTASTIC CLASIC

When almost all of the stocks of his time have been history, his wisdom remains of the same value. A must read.

An indispensable read before engaging in stock trading

Those who forget the past are bound to repeat it............. While Wall Street and markets around the western world continue their bull run, those who forget this adage will be in for a nasty shock. Written in 1923, this diary is full of warning of the shocks of 1929 and 1987 which followed. The gullibility of the public is clearly demonstrated, and the arrogance of each new generation feeding the bull cycle of it's day exposed. Now if I can only decide when to sell Microsoft short............. A cracking read.

One of the best trading books ever.

This book was actually written (with the help of a ghost writer) by Jesse Livermore himself and not Edwin Lefevre. Lefevre was simply a name that Livermore picked to have the real author - himself - remain anonymous. It took me years to master the trading tecniques outlined in this book - emotions and greed kept clouding my actions - the same way that they clouded Livermore's actions. An easy book to read but the lessons of the book come much harder.