-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

"After twenty years and many re-reads, Reminiscences is still one of my all-time favorites."
-Kenneth L. Fisher, Forbes

"A must-read classic for all investors, whether brand-new or experienced."
-William O'Neil, founder and Chairman, Investor's Business Daily

"Whilst stock market tomes have come and gone, this remains popular and in print eighty years on."
-GQ magazine

First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life-and your portfolio.
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

Customer Rating:
Summary: Best Book for traders and non traders
Comment:

over 85 years old and still going strong, read it and find out why

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Customer Rating:
Summary: Oldy but a great Goody
Comment: Never before had I so much fun reading and learning about the psychology of buying and shorting stocks. This is an extraordinarily written piece of work that eases into explanations of the power of the subconscious as well as the power of emotions on the conscious decisions made during those uncertain moments of trading. Great book!

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Customer Rating:
Summary: The more things change ... the more they stay the same - Required reading!
Comment: This vintage tomb from a bygone era ... is simply one of the best financial texts you could ever hope to lay your hands on. One of the strongest realizations that emerge from the author's engaging style of writing, is that the lessons learned a century ago, are as relevant and useful today as they were back then. The examples and analysis peppered throughout this book, are some of the most insightful examples available to the average reader. There are no mathematical formulas or detailed charts (one of this book's strong points) yet there is plenty of meat on the bone here, for anyone that is searching for clear and practical advice on successfully navigating the rough waters of the financial markets. Many lessons learned and dissected in clear detail. Highly recommended reading.

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Customer Rating:
Summary: An Investment Classic
Comment: This book really brings to life an era of finance that is long gone. And the lessons of the book are still very relevant today. It is part biography and part tutorial for aspiring traders. Everyone should be required to read this book before being allowed to play the markets. If even half of the people on Wall Street had read this, the USA would be in much better shape today financially. It is a very engaging and entertaining read.

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Customer Rating:
Summary: Psychology of trading
Comment: A Wall Street Classic and it does not disappoint. Published in 1923 the book continues to be one of the most heavily references books on trading and speculation. You'll learn about the early days and the history of the markets, some basic trading strategies, and most importantly: the human psychology of ups and downs of trading and how Larry Livingston (pseudonym for Jesse Livermore) dealt with it all.

I'm not a trader, nor am I aspiring to become one, but this was a fascinating read and I'll recommend it to everyone without hesitation.

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