by John Boik
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Product Description
The trading strategies of legends Jesse Livermore, Bernard Baruch, Gerald Loeb, and more provide ways to triumph in the market Today's bookshelves are so laden with Johnny-come-lately experts, eager to sell their knowledge to any and all, that it's sometimes hard for traders to know which way to turn or whom to trust. Lessons from the Greatest Stock Traders of All Time makes the choice simple, examining the careers of five traders--Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, and Bill O'Neil--who, more than any others over the past century, demonstrated tremendous success at conquering Wall Street. This technique-filled book presents numerous ways in which the timeless strategies of these investing icons can be used to tame today's high-speed, unforgiving marketplaces. Comparing and contrasting the successes--and occasional failures--of these five giants of finance, it reveals: - What Jesse Livermore did to correctly call every market break between 1917 and 1940
- How Bill O'Neil stuck to basics to create his famously effective CANSLIM system
- The strategies Nicolas Darvas used to become a self-made millionaire several times over
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Average Customer Review:
1 of 1 people found the following review helpful:
 Success stories from stock traders, 2008-11-11
The key aspect from this book is analyzing the common procedures from all these successful stock traders: loss cutters, trend followers, determination and active stock traders, among others attitudes. 80% technical 20% fundamental
The book could have been written in less than a half of itself. Anyway it is quite easy to read, because it is well organized and it has almost no advanced-technical vocabulary.
I recommend it!
0 of 0 people found the following review helpful:
 VERY ENJOYABLE, 2008-04-09
This book doesn't go into techniques, but it is great for motivation and basic concepts... really important book to read and then re-read. Great job by the author.
1 of 3 people found the following review helpful:
 Brief intro to top stock traders, 2007-10-16
This book looks at five historically successful stock investors -- Loeb, Baruch, Darvas, Livermore and O'Neil. The book looks at each of these individual's approaches to trading and you'll discover that they are very similar. They all believe in cutting loses short, buying at new highs rather than buying a stock because it's "cheap." Boik examines and summarizes their strategies or rules for trading. The book is a good introduction to these traders' ideas. If you want to learn more about each of these traders' methods in depth, fortunately each have written their own books.
2 of 2 people found the following review helpful:
Must read for an investor, 2007-08-18
If you are an investor, this is a must read. After all, who better to learn from than the most successful investors of all time. Granted, some of those profiled here aren't investors. In their own words, Livermore and Baruch called themselves speculators. But their goal was to make profits for their money.
It is very interesting to note that the 5 profiled cover investing in the stock market for nearly a century and that all the prinicples apply to this very day. John Boik has made a service by compiling the life stories of these five great traders/investors. It is inspirational for those who want to succeed in the market to read about these indiviudals, their life mission, their strategies, their successes, their failures, the lessons learnt.
I don't want to state what is all in the book. What is great is the opportunity to read about all these five in one place. The last chapter is well written summarizing the strategies of the five. The book itself is an easy read without you having to beat your brains out trying to remember all you read. The lessons are very crystal clear to sink in. The chapter on William O' Neal is a bit longer compared to others.
The book does not explain a combined system of trading, nor does it capture all the trades for every year each of these traded. This is not the point. The point is about the rules/strategies they followed and the lessons learnt. If you are new to trading or even if you in those initial years where you rely on tips and/or using another person to invest for you, you have to know what makes money in the market. For that, this book is a must read and a must addition to your investing library.
3 of 3 people found the following review helpful:
Excellent book for beginning traders, 2007-04-26
I really wish I had read this book earlier in my studies on trading stocks. The author does an excellent job bringing together the greatest stock traders of all time in one place. It is hard to argue with the results of these men, making millions in the markets several times over 40-50 years. Jesse Livermore made over $100 million during the crash of 1929 by being short in stocks, Nicholas Darvas made $2 million in 18 months part-time. I had already stumbled upon Jesse Livermore, Nicolas Darvas, and William O'Neal, and read each of their books. They have all taught me a great deal and their teachings have lead me to profits in the market. I love the way the author has shown the similarities in all these great traders and condensed the lessons to be learned from them in the final chapter. All these great traders bought into the strongest stocks, they did not look for bargains. They believed in buying high and selling higher. They believed in buying stocks with great fundamentals and technical strength. They looked for large price increases on strong volume, they captured there profits on the rise at the first sign of weakness. Thanks to this book I will read the books by Gerald Loeb and Bernard Baruch and continue with my growth as a trader. I will also read all the books about these great men recommended at the end of the book. This book would have helped me focus on what books to read when I began learning years ago. Who better to learn from than the best there ever was?
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