18 of 20 people found the following review helpful
History repeats itself,
This review is from: Reminiscences of a Stock Operator (Paperback)
This book is the fictionalized biography of Larry Livingston, a speculator from the late 1800s' through the 1900s'. We read about his trading mastery in the "bucket shops", and eventual migration to Wall Street where he becomes a major player, making and losing millions many times over. You'll find a lot of similarities between the current market conditions and its behaviour during Livingston's time. Its amazing how traders used "tips" those days, not very different from how most "individual investors" trade today. Livingston uses various experiences to explain his speculation strategies, which should help everyone somehow. This book is about the psychology of a professional trader, and that aspect doesn't seem to change with time.