©1923 Edwin Lefevre; (P)2006 Recorded Books LLC
"A classic that gives readers a sense of a trader's mind." (Wall Street Journal)
"An engaging read, chock-full of pearls of wisdom and amusing anecdotes." (Money Week)
I love reading about the stock exchanges at the turn of the 20th century. A full 100 years of financial innovation later, we are no further along than the environment Lefevre describes. And he describes it very well. The narration is excellent and the book is well worth the listen for anybody interested in finance or trading. The author also does a great job of discussing behavioral finance, a field which is supposedly 'new'.
Author describes his mindset, beliefs, and strategy toward stock speculation.
Compare this with Warren Buffet's most recent biography Snowball and notice the different stock approaches.
Very talented reader.
Would recommend this to those who want to better understand the Wall Street game. While few will read this and actually become proficient stock manipulators -- it does give some useful history and food for thought.If stocks interest you I would also recommend any books by the following authors: Berstein or Bogle. You may also try: A Random Walk Down Wall Street or Beating the Street.
This is an interesting historical account of the early days of stock trading and is fun to listen to. The author identifies many of the emotional hurdles one must overcome with trading--many of which still occur today. I was saddened by the ending.
Great book. No wonder best seller for last century.
Author explains stock manipulations, importance of reading Tape, journey of loosing millions and making millions.
1st half is more interesting than 2nd half. Great market and trading insights. The subject that the book is based on tells stories of investments over his lifetime with great lessons learned. It's hard to follow at times because the trading terminology and just because it's hard to focus on the road and concentrate. A sure classic for anyone with experience trading stocks.
This is the best as the author captured the brilliance of livermores mind in such a way that it captures the "how and "why" he trades the way he did. I'm always drawn into the stories as if I'm their!
The author who also deserves credit gets the most out of who is probably the greatest trader of all time. To have gotten inside the mind of this trading genius shows that he would be successful in any era as Livermore know as much about human emotion and how they drive markets up or down and he reacts swiftly long or short! No wonder this is a classic its information is timeless. Glad the author captured this genius thoughts before he died.
A great narration and story teller!
It is too long for one listen so I love the bookmark feature and usually pick it up and listen while i'm on the computer. I'm starting my third listen as I always learn something new!
Please tell the narrator (Rick Rohan) to narrate the other Livermore classic "How to trade in stocks". I would buy that in a second if it were available.
Life is a journey, enjoy it......because one day it will all end.
Even though this book was written decades ago, the lesson in the book are timeless.
Audible is essential to me as sleep.
Great literature offers insight into the human condition. Although trading, in markets, streets and financial markets, is a basic of civilization, little has been written about it. This book is timeless because it explores the discipline and focus required to make a living trading.
The narrative helped me to to recall the behaviour, discipline and nerve necessary to make successful trades. There is nothing like it and I never want to do it again. The book outlines the mindset necessary to run a scalping business in boarding school, the street corner or on the trading floor. It is a rare, and inglorious state of mind that has is almost never explored in literature. In Shakespeare, Shylock is an impoverished narrative of the mindset of a merchant trader. This book goes beyond the cardboard cutouts of merchant trader, and looks at the processe and human relationships necessary to sustain this vein of life. In this sense, it is a classic.
Amazing trading information
Rick provides a vocal environment that is absolutely captivating, you feel liek a fly on the wall. He provides the perfect imagery to allow sight in his words.
I really enjoyed this book. I forgot I was listening for guidance on my own option trading philosophy at times because I was so engrossed in the stories.
I left with more than I came for.
Good understanding of how people think in the markets. Easy to listen to Rick Rohan does a good job.
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