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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He acquires the invaluable professional attitude and that enables him to beat the game at times! The book talks of his experiences from his first trade on Burlington and his profit of 3. It was different world. Written in s street slang, without much of a structure, the book is still relevant today.

But apart from what one might call his natural foes, a speculator in stocks has to contend with certain practices or abuses that are indefensible morally as well as commercially. One man and one mind against the world – and the only way to prove that he is right is to make money.

Reminiscences of a Stock Operator – Wikipedia

But if you are a trader, this is probably the best book that you can read on the subject. 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. Reading, you very rarely feel that the book was written years ago it could have been 1 year ago. There is nothing like losing all you have in the world for teaching you what not to do.


Men who can both be right and sit tight are uncommon.

You will surely not regret reading this book. Without those two credentials, breaking into high finance is hard. If you do not have a good understanding of stock and commodity trading then you will probably not understand this book, since the author uses operatot terminology all the time without defining his terms.

Reminiscences of a Stock Operator

View all 7 comments. View all 8 comments. Equity prices rise and fall according to vagaries of human emotions – think fear, hope, greed and pride. I suppose the biggest plus about this book is that these principles aren’t discussed in a dry, theoretical fashion, but instead, delivered through a series of entertaining experiences recounted by the narrator.

Retrieved from ” https: Along the way, Livermore learns leferve lessons, which he happily shares with the opperator.

He later returned to his home in Vermont where he resumed his literary work, providing short stories for magazines such as The Saturday Evening Post and writing novels.

This book offer me a whole new perspective of how to handle market intelligently, how to stay confident in your position without wavering by words of others or rumors, or how to be calm and patient under pressure of the market and so on.

Views Read Edit View history. He is a great American storyteller and turn of the century personality. To see what your friends thought of this book, please sign up. It is still difficult to make money because the market itself has punishing mechanisms that may reflect the vagaries of human nature. He was a multimillionaire in his early twenties, in For those who don’t know, Reminiscences is somewhat of a “trading biography” of Jesse Livermore – one of the best traders of all time – published in I couldn’t give it a higher rating though since it doesn’t go anywhere further with the story, and unless you actually are a trader, the thrill of beating your rivals gets old after a while.


Disaster may come from a convulsion of nature or from the weather, from your own greed or from some man’s vanity; from fear or from uncontrolled hope. If I believe something you can be sure it is because I simply must. In Jack Schwager’s Market WizardsReminiscences was quoted as a major source of stock trading learning material for experienced and new traders by many of the traders who Schwager interviewed.

It is a refreshing tour of the markets at the turn of the last century.

Tip-takers are all they really are. And then he simply calls himself names and lets it go at that.

The wheat showed me a profit and I sold it out. The behaviour of a certain stock is all you need at times.

But being wrong—not taking the loss—that is what does damage to the pocketbook and to the soul.