First published in , “Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever. Generations of readers have. And thanks to American journalist Edwin Lefevre’s Reminiscences of a Stock Operator, a work of “fiction” that is in fact a thinly veiled biography. The Paperback of the Reminiscences of a Stock Operator by Edwin Lefevre at Barnes & Noble. FREE Shipping on $ or more!.

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Reminiscences of a Stock Operator by Edwin Lefèvre

People still accuse some online brokerage houses of working the same way. He is a great American storyteller and turn of the century personality. Jesse never gets angry at the markets at least in theory when he’s speaking to his biography writer and always sees his financial losses as a toll price to pay for his trading lessons.

And their experience invariably matched mine–that is, they made no real money out of it. The book talks of his experiences from his first trade on Burlington and his profit of 3.

If you have a remote interest in the stock market, I recommend this read. Such was the life of the trading genius. It does not take a reasonably young and normal man very long to lose the habit of being poor.

Jan 03, Jamie Beach rated it really liked it. ByLivermore had lost the whole sum. But Fate does not always let you fix the tuition fee. Human failings never go out of style. A loss never bothers me after I take it. It taught me little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating. I suppose the biggest plus a This is only the second book that I’ve read about Stock Market speculationbut I’m pretty sure that it’ll be hard to find any better.


Despite the book’s age, it continues to offer insights into the art of trading and speculation. He does not wish to work.

But apart from what one might call his natural foes, a speculator in stocks has to contend with certain practices or abuses that are indefensible morally as well as commercially. Aug 30, Christian Cianci rated it really liked it. It reads like a fiction book. And the explanation of those mechanics showed me, for the first time, how it might still be possible though much more sophisticated nowadays.

This is the best book I have read so far on stock trading. I’m writing this review two years after I read the book, so I’m going here by impression and memory. Most stocks never traded at all, making it even easier. That wouldn’t impede him from going broke again later on and committing suicide. Everything focuses on the markets, and how the narrator interacts with the markets.

He says that there were many times that he sold right at the peak of a market, but it did him no good because he didn’t stay short long enough to profit from the fall. A man has to have experience and he has to pay for it.

Reminiscences of a Stock Operator – Wikipedia

It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of Stock speculation. This is a great book suitable for those who are either experienced or not experienced ,which wish to venture into the financial w “To be the best, you must learn from the best” and sure it seems like I have really learned from the best through reading this book.


Views Read Edit View history. Without those two credentials, breaking into high finance is hard.

It’s well worth reading for anyone interested in trading, or generally in Wall Street. The game of beating the market exclusively interested me from ten until three every day, and after three, the game of living my life.

You will surely not regret reading this book.

Reminiscences of a Stock Operator

Livermore tells the reader that quick profits in the market are a fairy tale. Refresh and try again. On the other hand there is profit in studying the human factors—the ease with which human beings believe what it pleases them to believe; and how they allow reminsicences or by the dollar-cost of the average man’s carelessness.

One of the best books I have read. I liked the book. Not only you would get to know tips and tricks from reading this book, but also a life of one of the most talented trader of all time as well.

Sgock so much time and energy without changing anything, without creating anything.

Then experience shows you how to profit by variations from the usual, that is, from the probable. Instead wdwin hoping he must fear; instead of fearing he must hope.

After years at the game it becomes a habit to keep posted.