- Paperback: 304 pages
- Publisher: John Wiley & Sons; Reprint edition (1 Jun 1994)
- Language English
- ISBN-10: 0471059706
- ISBN-13: 978-0471059707
- Product Dimensions: 21.6 x 14.1 x 2.1 cm
- Average Customer Review: 4.8 out of 5 stars See all reviews (34 customer reviews)
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Amazon Bestsellers Rank:
22,098 in Books (See Top 100 in Books)
- #24 in Books > Business, Finance & Law > Personal Finance > Investing
- #25 in Books > Business, Finance & Law > Accounting
- #30 in Books > Business, Finance & Law > Personal Finance > Stocks & Shares
Reminiscences of a Stock Operator
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Product Description
Amazon.co.uk Review
Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim. When asked, people in the know will always list books by Benjamin Graham, Burton G Malkiel's A Random Walk Down Wall Street, and Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher. You'll know you're getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre.
Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this book so valuable are the observations that Lefèvre records about investing, speculating, and the nature of the market itself. For example:
It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.
If you've ever spent weekends and nights puzzling over whether to buy, sell, or hold a position in whatever investment--be it stock, bonds, or pork bellies, you'll be glad that you read this book. Reminiscences of a Stock Operator is full of lessons that are as relevant today as they were in 1923 when the book was first published. --Harry C Edwards
Review
“…whilst stock market tomes have come and gone this remains popular and in print 80 years on…” (GQ Magazine November 2003)
Inside This Book
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First Sentence
I WENT to work when I was just out of grammar school. Read the first page
Front Cover | Copyright | Excerpt | Back Cover
I WENT to work when I was just out of grammar school. Read the first page
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Browse Sample PagesConcordance
Front Cover | Copyright | Excerpt | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
7 of 7 people found the following review helpful
Format:Paperback
This book saved me from the drudgery of a 12 hour train journey one day. I was absolutely enthused by its storyline and the advice given on financial speculation.
This book teaches you that the way traders think, the way they behave and the reasons for their behaviour are the same now as they were back at the turn of the 20th century. It is not an easy read for those not keen on investment speculation. But if you intend to speculate with your own money, you should allow Jesse Livermore's lessons to sink into your subconcious. It is a book you need to read more than once to gain the most from it.
I am surprised nobody has made a film based upon this book.
6 of 6 people found the following review helpful
Format:Paperback
Superb tale that's relevant and informative to anyone trying to extract money from the markets. An excellent insight into the traps and pitfalls we all make whilst developing our own style or system.
5 of 5 people found the following review helpful
Format:Hardcover
Edwin Lefèvre published this classic in 1923. His subject is Jesse Livermore, an infamous speculator and the world’s first documented successful day trader. Lefèvre thinly disguises Livermore, assigning him the fictional name Larry Livingston. First published as a series of Saturday Evening Post articles, this book explores greed, fear, envy and the relentless pursuit of fame and fortune, all as relevant today as in 1923 – one reason that this remains required reading for investors. The writing style is quaintly dated and Runyon-esque. Lefèvre’s use of old market jargon ("plungers," "bucket shops," "bear raids" and stock "operators" instead of brokers) reminds readers that this is a journalistic, a novelistic and a fiscal period piece. The illustrations by M.L. Blumenthal evoke its original publication date. Interestingly, market bubbles, whether in high-tech, railroads or real estate, remain basically as emotional and nonrational as they were in the early 1920s, so the lessons here remain meaningful. Speaking from that more innocent time, Lefèvre provides lasting market insights, including Livermore’s investing secrets. He distills the eternal truth that markets only go up or down, and that investors run on fear and greed. We strongly suggest this classic to serious investors and financial reporters. As you read it, you will hear the voice of its time and its lessons for today.
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Most Recent Customer Reviews
Great story, a must for any trader
I have read and reread this book many times. It should be on a recommended reading list for all investment banking interns, and financial news journalists.
Published 1 month ago by AMCL
Good Book
This one is a classic one in trading. I like it very much, because it's about one of the greatest legends of the wallstreet, Jesse Livermore. Read more
Published 5 months ago by H. Siasi
very enjoyable....
this is a genuine classic of the trading world and should be on all investors/traders bookshelf. it tell's a an autobiographical account of jess livermoores career as a trader. Read more
Published 6 months ago by Gcrikey
decades of trading experience in a single book!
I loved this book. Although I want to trade futures and I trade forex this book is still relevant. Its description of crowd psychology and its ideas of price resistance are still... Read more
Published 8 months ago by lewis f talbot
More Essential Reading
I can only echo much of what has already been written here in terms of the positive reviews.
This IS a five star book, and is required reading for any committed... Read more
This IS a five star book, and is required reading for any committed... Read more
Published 15 months ago by PureSymmetry
Perfect condition, delivery slow
Book arrived in mint condition, must be new not nearly new as described, excellent. Ddeliery however was painfully slow, but it was over the Xmas period so maybe why.
Published 16 months ago by rockstar
A TIMELESS QUALITY
Inspired perception and sagacity withstands the passing of time and is a beacon to behold and learn from forever, witness The Bible. Read more
Published 20 months ago by DOPPLEGANGER
A true classic
It is amazing how much of what was true in the markets of the early 1900's remains true today. This is a brilliant book and should be read by anyone with an interest in financial... Read more
Published 21 months ago by kfinney
Moderate
Well if I have to read this book word to word then I'll be sleeping within minutes. I listened to the audio book and found it quite boring to be honest. Read more
Published on 15 Mar 2010 by Chrissie
A great read if you like trading
A great read, it's astonishing how relevant a book written almost 100 years ago can be!
Published on 4 Oct 2009 by W. O. Smith
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