Reminiscences of a Stock Operator
by Edwin Lefèvre
A thinly fictionalised 1923 life of Jesse Livermore: bucket shops, the 1907 and 1929 shorts, fortunes made and lost four times. Every trader reads it for the psychology, which has not changed: the market humbles everyone, and the hardest part is sitting tight.
Read it if…
you trade and want to see every mistake you will make, made first by a genius.
See the book →
Skip it if…
you index; the book is about the game you have chosen not to play.
Try instead: Market Wizards →
Three things you will actually use
- It was never my thinking that made the big money; it was my sitting.
- The market is never wrong; opinions often are.
- Hope and fear are reversed in traders.
Do this first
Read it for the aphorisms and write down the five that sting.
Our verdict
Every mistake, made first by a genius.
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