Reminiscences of a Stock Operator

By: Edwin Lefevre

Narrated by: Jason McCoy

Length: 9 hrs and 21 mins

Publisher's summary

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 listened to this audiobook. 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.

Public Domain (P)2011 Eternal Classics

Emotional Trading Help

I like what the book has to teach about the emotional side of stock trading.

Modern Trader Must Read

One of the best reads I have ever had. What was still is, the insights from history still remain legit insights to this day. While technology has advanced people have remained the same. What LL spoke about is STILL relevant and of great use and applicable. THE narration was excellent made me feel as if I was listening to an old salt telling me what he had not only done but mostly what he learned.

A great history lesson

I haven't finished the book yet but chapter 9 begins getting into the meat and potatoes portion of Futures trading.

Though this book is dating trades made back in the 1920s, it is interesting to see how they traded back then.
Wow how things have changed, I would never be able to trade the way they did back then.

The book gives me a better understanding of what it means by trading from the "tape".

Recommend this book to anyone who loves American history.

Trader reading list book

I trade forex. This book helped me understand several things about the market from Larry Livingstons experiences. One that will stick with me is not taking tips but using your own analysis and trusting your strategy, win or lose. Good book for any active trader.