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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The book is a distillation of that experience and those interviews. It is too much bother to have to count the money that he picks up from the ground. For example, insider trading was rife before the Great Depression and many of the best stocks were locked up by insiders or groups.

It reads like a fiction book. View all 8 comments. In speculation when the market goes against you you hope that every day will be the last day—and you lose more than you should had you not listened to hope—to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.

I’m pretty well-acquainted with stocks and the market and still parts of this operaotr lost me. Open Preview See a Aa Certainly one of the greatest traders the history has ever known.

Jan 15, James Lan rated it it was amazing Shelves: Disaster may come from a convulsion of nature or from the weather, from your own greed or from some man’s vanity; from opertaor or from uncontrolled hope. Another intersting aspect of the book is how many ways Livermore describes to manipulate the market through buying pools, insider trading, stock swapping and other activities that are completely illegal in today’s market, but were perfectly fine and even expected in the market that Livermore lived in.


Without it, a lot of the book’s informat 4.

Reminiscences of a Stock Operator by Edwin Lefèvre

Stoock book gives us some perspective for the moments we think our financial system is rigged and unfair with the average investor. He acts almost automatically.

It requires more time and more work to keep posted and to that extent stock speculation has become much more difficult for those who operate intelligently. They are my facts, don’t you see?

Every other line would make so much sense to me Jesse Lauriston Livermore. The ride is dizzying. That is why the numerical formations and patterns recur on a constant basis. But one of the central points of the book is that fear, greed, hope and ignorance will drive the marke This book is a marvel. 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 reminiscenced which should show the greatest profit.

Reminiscences of a Stock Operator

If there were too many bets on a stock, the shop could influence the tape by actually buying or selling the underlying stock for its own account. It is still difficult to make money because the market itself has punishing mechanisms that may reflect the vagaries of hu A classic. Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on.

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Human failings never go out of style. And, like all things in investing, the “most” in the previous sentence is always the tricky part. Be the first to ask a question about Reminiscences of a Stock Operator.

Of all speculative blunders there are few greater than trying to average a losing game. There is a reason—an unknown reason but a good reason; therefore get out.

I had a slight interest in stocks and trading before I read this and then got even more interested. I mean, it makes its money by dealing with facts and figures. So when he hit, it was gigantic.

Reminiscences of a Stock Operator – Wikipedia

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. First published in”Reminiscences of a Stock Operator” is the most widely read, highly recommended investment book ever.

Even more extraordinary, given the feeling of authenticity throughout this book, is that it is a fictionalized account.