For the first time, these two works attributed to the great Jesse Livermore are presented together in one volume with a new foreword by Juliette Rogers. Both contain interesting insights into Livermore's life and times as well as the reasons for his success. They remain classics and must reads for every new aspirant in the world of speculation. The two books in this volume were written in the early 1920s, when Livermore was already famous but still ascending to the peak of his wealth. The nightmare of World War I was fading, and the United States had successfully transitioned from a wartime economy into a peacetime powerhouse. Americans became enamored of cars, telephones, radios, and movies. A newfound fascination with celebrities extended beyond film stars and athletes to the rich and powerful. People wanted to know how Wall Street wizards like Jesse Livermore spun their magic. The first book, Reminiscences of a Stock Operator by Edwin Lefèvre, offers keen insight while at the same time adding to the Livermore enigma. Reminiscences is the first-person narrative of a fictional speculator named Larry Livingston, whose life events happen to match precisely those of Jesse Livermore. As a financial journalist, biographer, and novelist, Edwin Lefèvre gave his readers their much-desired glimpse into the lofty world of Wall Street elites. He wrote eight other books, but none matched the success of Reminiscences, which has remained in print since 1923 and been translated into numerous languages. Even the understated former Federal Reserve Chairman Alan Greenspan once called it "a font of investing wisdom." In true Livermore fashion, the book itself remains something of a mystery. Specifically, over the decades many readers have wondered if the book's author was not Lefèvre, but none other than Jesse Livermore. The two men were long acquainted and may have traded useful information over the years. A 1967 biography claims that Livermore, shortly before his death, acknowledged writing Reminiscences with guidance from Lefèvre, who served as "editor and coach." This revelation came to the biographer secondhand and without confirmation, so the mystery continues. However, attentive readers may note the narrator's especially gleeful tone whenever windfalls are made or old scores are settled, suggesting a connection more personal than professional. In the years following these publications, Livermore continued to burnish his legend. A 1924 run-up in wheat prices squeezed him out of $3 million, but the following year he recovered his losses and added tremendous profit when the wheat market collapsed. Of course, in this era of modest regulation, markets were vulnerable to manipulation, and Livermore--by now nicknamed the "Great Bear of Wall Street"--did not eschew such tactics.
Question everything ? and become a better investor in the process Uncommon Sense takes readers on a four-century journey; from the dawn of public share ownership (in 1602) right up to today. But this is not simply a history book. It's a book for serious investors. Along the way it reveals the fascinating stories, the market characters and the important financial developments that have sculpted the thinking behind the value investor's craft. Blended throughout the narrative Kemp delivers an array of interesting anecdotes and rock solid logic regarding what works when investing in the stock market, what doesn't, and why. Early in the 20th Century, Charles Dow remarked of Wall Street Operators that 'the more they actually know, the less confident they become.' Continuing in the tradition of that simple, elegant statement, this enlightening and entertaining book will have you thinking, acting and succeeding on your own in your investment endeavours. Learn to question conventional wisdom at every turn and develop a healthy skepticism as you plan your own investment strategies Develop a rich understanding of the stock valuation process Discover the methods that have been used by successful investors from the dawn of the modern stock market (in 1602) right up to today Learn how to interact simply and successfully with markets that are vastly complex and largely inexplicable Uncommon Sense will have you questioning and doubting much that's stated about stock market investing, then developing your own winning strategy based on reason and understanding.
This biography of Livermore by prolific writer Paul Sarnoff is a fascinating account of Livermore's life, which explores in detail his market operations and maneuvers, his hopes, his fears, his successes and his failures. Live again the market experiences of the trader known variously as The Wall Street Wonder, The Boy Plunger, The Cotton King, and The Great Bear. You'll love this book!
An insightful and valuable step-by-step guide for Canadians looking to champion the stock market, avoid common investment mistakes, learn the ins and outs of buying and selling, and secure their financial futures.
First published in 1923, Reminiscences is a fictionalized account of the life of the securities trader Jesse Livermore. Despite the book's age, it continues to offer insights into the art of trading and speculation. In Jack Schwager's Market Wizards, many of the traders interviewed considered Reminiscences a major source of stock trading information for both experienced and new traders. The book tells the story of Livermore's progression from day trading in the then so-called "New England bucket shops," to market speculator, market maker, and market manipulator, and finally to Wall Street where he made and lost his fortune several times over. Along the way, Livermore learns many lessons, which he happily shares with the reader. The Wall Street Journal described the book as a "classic," it was ranked #15 on Fortune's 75 The Smartest Books We Know, and Alan Greenspan said it is "a font of investing wisdom."
A Must-Read for Any Investor Looking to Maximize Their Chances of Success Big Mistakes: The Best Investors and Their Worst Investments explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs and lows, and the investors detailed here show just how low it can go; stories from Warren Buffet, Bill Ackman, Chris Sacca, Jack Bogle, Mark Twain, John Maynard Keynes, and many more illustrate the simple but overlooked concept that investing is really hard, whether you're managing a few thousand dollars or a few billion, failures and losses are part of the game. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. These investors all recovered from their missteps, and moved forward armed with a wealth of knowledge than can only come from experience. Lessons learned through failure carry a weight that no textbook can convey, and in the case of these legendary investors, informed a set of skills and strategy that propelled them to the top. Research-heavy and grounded in realism, this book is a must-read for any investor looking to maximize their chances of success. Learn the most common ways even successful investors fail Learn from the mistakes of the greats to avoid losing ground Anticipate challenges and obstacles, and develop an advance plan Exercise caution when warranted, and only take the smart risks While learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience. Big Mistakes: The Best Investors and Their Worst Investments provides an incomparable, invaluable resource for investors of all stripes.
The Success Secrets of a Stock Market Legend Jesse Livermore was a loner, an individualist-and the most successful stock trader who ever lived. Written shortly before his death in 1940, How to Trade Stocks offered traders their first account of that famously tight-lipped operator's trading system. Written in Livermore's inimitable, no-nonsense style, it interweaves fascinating autobiographical and historical details with step-by-step guidance on: Reading market and stock behaviors Analyzing leading sectors Market timing Money management Emotional control In this new edition of that classic, trader and top Livermore expert Richard Smitten sheds new light on Jesse Livermore's philosophy and methods. Drawing on Livermore's private papers and interviews with his family, Smitten provides priceless insights into the Livermore trading formula, along with tips on how to combine it with contemporary charting techniques. Also included is the Livermore Market Key, the first and still one of the most accurate methods of tracking and recording market patterns
Profitable trade set-ups from StockTwits leading traders One of the biggest secrets on Wall Street is that to become consistently profitable, you need to specialize in a distinct setup. That is, you need to know how to read the signals that can help you identify an opportunity to buy or sell. In The StockTwits Edge: 40 Actionable Trade Setups from Real Market Pros, both well-known professional masters of the market and lesser-known individual traders describe their highest probability setups to teach you about an assortment of time frame and asset class-related market methods along the way. Drawing on the wisdom of some of the top minds at StockTwits, the leading stock market social networking site, this book has something for everyone, giving you exactly what you need to come up with profitable ideas and avoid financial risk, every day. Includes key trading insights from the experts at StockTwits Explains which factors of a setup are important, and why While there are many factors involved in successful trading and investing, the ability to identify profitable situations is paramount, and The StockTwits Edge gives you everything you need to achieve that goal.
After losing much of his money when the South Sea Bubble burst in 1720, English physicist and mathematician Isaac Newton stated, "I can calculate the motion of heavenly bodies, but not the madness of people." Even though Isaac Newton was a brilliant man, he did not realize that markets function in a way that is opposite to almost everything else we do. For example, if people are lining up around the block to purchase an iPad, it is a sign that it is a good product. If people are lining up around the block to buy a condominium, it is a bad sign for real estate. Markets do not always act in a rational or logical manner. Mind, Money & Markets explains why they act the way they do. It is critical for every person to understand this in order to make wise decisions ranging from buying a home to operating a business. Expert advice is much less reliable than we expect it to be because no one can accurately predict the future on a consistent basis. Gigantic losses like the $6.2 billion trading loss at JP Morgan in 2012 show that investors are not giving momentum (following the trend) the respect it deserves. Mind, Money & Markets offers a momentum filter-specifically, a screening tool from which every individual and professional investor should benefit. The book also provides a "circuit breaker" that enables investors to limit losses in case of an unexpected event in financial markets. Using powerful and poignant analogies from their life experiences, including Dave Harder's twelve years as a Search and Rescue volunteer, we provide readers with a simple discipline to preserve precious hard-earned capital during severe downturns and to outperform benchmarks when markets are in an uptrend. It is easier to know what to do than to actually do it. Psychiatrist Dr. Janice Dorn specializes in helping traders and investors deal with emotions and aspects of human nature that hinder them from making astute investment decisions for stocks, bonds, real estate, currencies, or commodities. We have passed on many words of wisdom collected from market sages and great thinkers. We also highlight some major misconceptions about investing, and show the reader how to overcome them and prosper. With a compelling mixture of fascinating stories and more than 100 colored charts and photographs, this is truly a unique work about how human beings react to markets. The book helps individual as well as professional investors to be efficient with their time and energy by teaching them to focus only on a few factors which have the most significant impact on financial markets. The personalized strategies provided in these pages will enable readers to maximize gains, minimize losses, and have more time to spend on things that matter the most in their lives.
“Lefèvre provided me with a goal when I wrote my first Market Wizards book... to write a book that would emulate the spirit of Lefèvre's work in maintaining truth and relevance many years after it was written.” -from the Foreword by Jack Schwager The book that launched Edwin Lefèvre's literary career, Wall Street Stories is considered by many to be his most memorable work, second only to Reminiscences of a Stock Operator, his classic fictionalization of the life of Jesse Livermore. Published to great critical acclaim in 1901, Wall Street Stories is a literary romp through the habits and customs of Wall Street. Like all of Lefèvre's fiction it is firmly rooted in the facts as he knew them both as a top financial journalist and a successful investor, and, as was his style, many of the fictional characters in the stories are thinly-veiled portraits of well-known Wall Street personalities such as James R. Keene, Elverton R. Chapman, Roswell Pettibone Flower, and Daniel Drew-names as familiar to the public in their day as Warren Buffet, George Soros, and Julian Robertson are today. But the charm of the eight tales in Wall Street Stories isn't just in their ability to convey a sense of life in a bygone era. It comes from the timeless insights they offer into human nature warped in the crucible of the stock market. Each of these witty tales of still resonate with poignancy and simple authority.
Tap into feedback loops to unravel market trends and discover profitable trading opportunities The Janus Factor presents an innovative theory that describes how feedback loops determine market behavior. The book clearly shows how the theory can be applied to make trading more profitable. The metaphor of the two-faced god Janus is used to reflect alternating market environments, one dominated by trend followers and the other by contrarian bargain hunters. In this book, author Gary Anderson puts forth a systematic view of how positive and negative feedback drive capital flows in the stock market and how those flows tend to favor either sector leaders or sector laggards at different times. Discusses how to find better performing stocks Outlines when and how to use momentum strategies for big profits Addresses when and how to use contrarian strategies Gary Anderson is the winner of the 2003 Charles H. Dow Award, presented by the Market Technicians Association Intellectually challenging and highly practical, The Janus Factor offers insight into market behavior and new methods for capturing stock market trends.
INVALUABLE ROGUE FINANCIAL WISDOM SNIPPETS If you’re looking to acquire deep financial savvy and have fun in the process, then this book is for you. It contains a collection of the most notorious, infamous, jocose and valuable insights about money, investing and trading that you can find. Learn and laugh with the likes of Jesse Livermore, George Soros, Warren Buffett, Kyle Bass, @GSElevator, Jim Cramer and Jim Rogers. The author of Burn!, Baby, Burn! - Money & Markets Most Outrageous, Funny and Witty Quotes, Sayings and Stories has over 25 years of trading experience and has taught courses in finance, accounting and real estate and authored several books on trading. Quotes and sayings encapsulate the wisdom both of the crowd and of the smartest people ever. Plus, they often provide specific and practical advice in a memorable and thoroughly enjoyable way. THIS IS A BOOK YOU WILL ENJOY READING AND RE-READING. GET IN NOW! What readers say: "I would be lost without Burn!, Baby, Burn! - Money & Markets Most Outrageous, Funny and Witty Quotes, Sayings and Stories. Thanks for the great service." - Nicolea N. "Keep up the excellent work. Buy this now. " - Maude F. "I just can't get enough of Burn!, Baby, Burn! - Money & Markets Most Outrageous, Funny and Witty Quotes, Sayings and Stories. I want to get a T-Shirt with Burn!, Baby, Burn! - Money & Markets Most Outrageous, Funny and Witty Quotes, Sayings and Stories so I can show it off to everyone." - Arlette R. "I STRONGLY recommend Burn!, Baby, Burn! - Money & Markets Most Outrageous, Funny and Witty Quotes, Sayings and Stories to EVERYONE interested in trading and investments!" - Richard E.
Revealing the little-known strategy used by the world's most consistently successful traders, this book profiles those who have made enormous fortunes by following trends. It introduces key concepts of trend following and shows readers how to use it immediately in their own portfolios.
The essential stock market guide, now updated with even more timely and necessary information Now in its fifth edition, The Neatest Little Guide to Stock Market Investing has established itself as a clear, concise, and highly effective approach to stocks and investment strategy. Rooted in the principles that made it invaluable from the start, this completely revised and updated edition of The Neatest Little Guide to Stock Market Investing shares a wealth of information, including: •What has changed and what remains timeless as the economy recovers from the subprime crash •All-new insights from deep historical research showing which measurements best identify winning stocks •A rock-solid value averaging plan that grows 3 percent per quarter, regardless of the economic climate •An exclusive conversation with legendary Legg Mason portfolio manager Bill Miller, revealing what he learned from the crash and recovery •Thoroughly updated resources emphasizing online tools, the latest stock screeners, and analytical sites that best navigated recent trends Accessible and intelligent, The Neatest Little Guide to Stock Market Investing is what every investor needs to keep pace in the current market.
Do you continually lose money in the stock market? My name is Brian Burns and I wrote this book to help you. I have studied financial markets and professional traders for multiple minutes at a time. There is one thing that all the great traders and investors have in common. One thing that links people like Jesse Livermore and Warren Buffett. This one thing is the key to being successful in the market and is explained in detail in this book; You are going to need this book. Does thinking about the money you've lost cause you to have any problems with your bladder, including frequent or urgent urination? If so, aside from a scheduled visit to your doctor, you are going to need this book. There are tons of books out there about trading and investing and let's face it, reading them all would be a lot of work. I have carefully analyzed and studied most of those books, in fact, I even read a couple of them all the way through. What I have found is that there is one lesson that is the same in all investing and trading books; one crucial piece of advice that you will need to fully understand to be able to make money in the market. I explain this essential financial building block in this book, step by step. I laid it out so well that I even surprised myself. If you also want to be surprised then you are going to need this book. I almost didn't want to publish this information because it's going to completely revolutionize the face of individual investing. My friends and family persisted that I follow through because they knew that it would help so many people. But I must warn you, the words included in this book are powerful, the equivalent of a financial miracle, and following them will lead to untold riches. If you want to attain unprecedented wealth then you are going to need this book; just don't get too greedy, it isn't very becoming. My professional advice is that you purchase two copies for yourself and a copy for each one of your family members. Replace those copies with additional copies once your original copies are read, get creased, or if the cover is bent in any way. I would also recommend purchasing a copy for all of your friends and even people that you don't know that well. Not only will they love you for it, but they'll respect the hell out of you for it. Once you receive your first copy of the book I would recommend sleeping with it underneath your pillow to let the words and wisdom seep in to your subconscious. I am working on a spoken word edition of the book but due to the volume of material it may take several years to complete. In the meantime, feel free to read it out loud where ever you are, at work, on the bus, or even in a public bathroom. You could also buy a copy just to place on your bookshelf or in your office to make it look like you actual read financial books and know what you're talking about when you start to spout off with your work buddies about some stock you heard on the news but are trying to act like you came up with the whole idea yourself....nice try by the way, but without this book I think they're on to you. To sum it up, you need this book. Don't wait another minute to buy it, if you do you'll regret it and I'll lose some respect for you. Here's what some are saying or could be saying about this book! “I love the chapter for aggressive investors! The author really nails this one down and gets it right. If you do exactly as he says, you will make money hand over fist…whatever that means. A few times I did the exact opposite of what the author says and, you guessed it, I lost money.” - A Typical Stupid Person “I wasn't sure what this book was about when I bought it. I'm still not 100% sure but it looks like it might serve some type of purpose.” - A Typical Idiot
Offers advice on investment strategy and risk management, clears up common misconceptions about the stock market, and discusses economic forecasts and long-range planning.