Reminiscences of a Stock Operator [Import] [Paperback]

edwin lefevre (Author)

Book Description

Publication Date: 1980

299 pages. Reminiscences of a Stock Operator is adapted from a series of Saturday Evening Post articles written by Edwin Lefevre in the 1920s. The book narrates Livermore's ascent from a "boy plunger" to the most influential speculator on Wall Street. While much of the book is devoted to Livermore's experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre. Years later, many trading and investing books repeat the very same rules first enunciated by Livermore in Reminiscences, such as: go with the trend; no stock is too high to buy or too low to sell; let your winners run and cut your losses short; make your own decisions; and market history repeats itself. Interestingly, Livermore frequently violated his own rules and usually lost money as a result. The enduring appeal to the book rests in Livermore's view that the market is made up of people and the excesses of the market reflect mass psychology and the mistakes of individuals are frequently the result of the inability to control fear and greed. Thus, the views and lessons of Livermore continue to be relevant to every new generation of investors and traders. Generations of investors have benefited from this 1923 masterpiece. Jack Schwager's new introduction explains why this account of Jesse Livermore, one of the greatest speculators ever-continues to be the most widely read book by the trading community. "The best book I've read--I keep a supply for people who come to work for me." - Martin Zweig

Product Details

• Paperback: 299 pages
• Publisher: Books of Wall Street; Reprint edition (1980)
• Language: English
• ISBN-10: 0870340581
• ISBN-13: 978-0870340581
• Product Dimensions: 7.9 x 5 x 0.7 inches
• Shipping Weight: 10.4 ounces
• Average Customer Review: 4.8 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #740,517 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

28 of 30 people found the following review helpful:

5.0 out of 5 stars Can't put it down..., March 28, 2000

By 

andrew ross - See all my reviews

This review is from: Reminiscences of a Stock Operator (Paperback)

I'd have to say first that this book will not tell you how to trade technicals, nor how to read the financial pages.

That being said, I found this masterpiece a riveting story of a man who won and lost millions of dollars in a time when thousands would set you up for life... His technique for trading the tape and his rise as an investor is truely a traders dream come true. Starting at 15, trading through the drepression, and manipulating the markets of his time is a wonderful refresher to todays trading. If only I could have been alive in such a time in history... to be able to corner a market and sell another to unload your numerous possitions must have been unbelievable to witness, let alone accomplish.

If you like stories of success you'll love this book...

4 of 4 people found the following review helpful:

5.0 out of 5 stars One of the best trading books ever., May 23, 1999

By A Customer

This review is from: Reminiscences Of A Stock Operator (Hardcover)

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.

1 of 1 people found the following review helpful:

5.0 out of 5 stars An indispensable read before engaging in stock trading, July 7, 1999

By 

[e-mail] (Sydney) - See all my reviews

This review is from: Reminiscences of a Stock Operator (Paperback)

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.