Reminiscences of a Stock Operator by Edwin Lefèvre

The reminiscences of the Operator1 actions is a history about a tradesman who understood that it could earn money if it could appear outside what the prices indicated to him.

The reminiscences is slightly disguised, fictionalized autobiography of Jesse Livermore, a speculator particularly coloured and blazing in stock and products in early at the semi-twentieth century which made -- and lost -- four fortunes relating to several million the dollar. A contemporary of other legendary tradesmen such as Arthur Cutten, Jay Gould, James Keene and John D. Rockefeller, Livermore was in the past blamed to cause the accident 1929 and to precipitate each cut of the market of 1917 to 1940. Also the follower in stock and the produce exchanges, Livermore is one of the most enthralling figures haunting annals of the American history of the market.

All in all the book, among the stories of inspiration and mood full with spirit, the reader will find many pieces of council - on anything of the human behavior of psychology and public to the operations of initiates and of the strategies of investment/speculation. I agree completely with others critical which declare that this book must be read more once. You simply gained 't absorb all the useful information the first time. Perhaps not even the first two times. Or three.