by Marketplace Books
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| List Price: | $19.95 |
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| Lowest New Price: | $8.44 |
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Product Description
Critical Praise.… "In my interviews with over 30 of the best traders of our time, there were some questions that I raised in each conversation. One of these was: Are there any books that you found particularly valuable and would recommend to aspiring traders? By far, the most frequent response was Reminiscences of a Stock Operator—a book that was over 70 years old!" —from the Foreword by Jack Schwager Author of Market Wizards and The New Market Wizards "Although Reminiscences…was first published some 70 years ago, its take on crowd psychology and market timing is as timely as last summer’s frenzy on the foreign exchange markets." —Worth magazine "The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923." —The Seattle Times "The best book I’ve read is Reminiscences of a Stock Operator. I keep a supply for people who come to work for me." —Martin Zweig "After 20 years and many re-reads, Reminiscences is still one of my all-time favorites." —Kenneth L. Fisher Forbes First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Jesse Livermore, one of the greatest speculators ever. Reminiscences remains the most widely read, highly recommended investment book ever written. Generations of investors have found that it has more to teach them about themselves and other investors than years of experience in the market. This is a timeless tale that will enrich the lives—and portfolios—of today’s investors as it has those of generations past.
Amazon.com Review
Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim. When asked, people in the know will always list books by Benjamin Graham, Burton G. Malkiel's A Random Walk Down Wall Street, and Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher. You'll know you're getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre. Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. Livermore, who was banned from these shady operations because of his winning ways, soon moved to Wall Street where he made and lost his fortune several times over. What makes this book so valuable are the observations that Lefèvre records about investing, speculating, and the nature of the market itself. For example: "It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon." If you've ever spent weekends and nights puzzling over whether to buy, sell, or hold a position in whatever investment--be it stock, bonds, or pork bellies, you'll be glad that you read this book. Reminiscences of a Stock Operator is full of lessons that are as relevant today as they were in 1923 when the book was first published. Highly recommended. --Harry C. Edwards
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Average Customer Review:
0 of 0 people found the following review helpful:
 Excellent Read!, 2009-07-02
This is a must read for every trader! The principles are as relevant today as they were in the 1900's. However, I'm afraid that the novice may, without the requisite market experience, only see this book as great story telling. They will miss the often subtle and sometimes very direct wisdoms being offered. Their focus on the potential rewards may overshadow the ever present risks of the markets. The intense work ethic and mental strength necessary to be a trader may be overlooked. Of course, if one is persistent and also wealthy enough to stay in the game, these risks and traits will soon present themselves. But as the book points out, there will be some tuition for this real life education. How do I know? Because I've paid for many of these market lessons, and continue to pay whenever I forget to use what's been taught.
Some experienced traders may marvel at the times, the players and wonder if this could've ever truly existed. Because we understand the mechanics of the trades and human dynamics that accompany them, we're made to believe. The pearls of wisdom do not pass us by! On the contrary, they make us challenge and rededicate ourselves to being even better professionals.
Enjoy & Profitable Trading!
0 of 0 people found the following review helpful:
Timeless, 2009-06-23
I recently purchased a used copy of Reminiscences of a Stock Operator. It was in great shape and arrived timely. I can see why so many successful stock traders recommend this book. It has timeless lessons that still work in today's market. A good and yet entertaining work and worth the read.
0 of 0 people found the following review helpful:
A MUST READ for any serious trader, 2009-06-21
This book is an absolute must read for an serious trader whether you are a short term or long term trader.
Jesse Livermore was a Master trader and tape reader. There are dozens of lessons learned from this classic. I have read the book 4 times and continue to learn from it. Pages 55 - 59 alone are worth a college tuition...the lesson of how many people are right about the direction of the markets but trade themselves into oblivion and make no real money.
Bottom line...this book is a must own.
0 of 0 people found the following review helpful:
great freakin book, 2009-06-04
This is a great freakin book. I haven't finished yet but it is very interesting. I never want to put in down.
0 of 0 people found the following review helpful:
An insightful and entertaining book, 2009-05-28
I have read this book and "Jesse Livermore: World's greatest Stock trader," and I can say they are not redundant or repetitive. As far as differences go, the other book gives more of an account of Livermore's life. I would say this book probably has more insightful tips for trading, while the other is more insightful to the kind of person Mr. Livermore was. This is an entertaining and insightful book, but you have to really pay attention as it is written in a novel format.
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