Book review – Reminiscences of a Stock Operator

Just finished Reminiscences of a Stock Operator: and The Investment Strategies of Jesse Livermore by Edwin Lefèvre and I found it entertaining and full of quotes for a stock fanatic like myself. The biography chronicles the life of Jesse Livermore, a trader born in the late 19th century who made and lost fortunes speculating on the prices of stocks and commodities.

My first take on the book was that for a dividend growth investor like myself this is more a book for amusement rather than a book to learn from. But, the book contained a lot of interesting aspects from a market psychology point of view and early thoughts on behavioral finance still valid today.

«Speculators buy the trend; investors are in for the long haul; “they are a different breed of cats.” One reason that people lose money today is that they have lost sight of this distinction; they profess to have the long term in mind and yet cannot resist following where the hot money has led.» – Edwin Lefévre

Book Details:

  • Author: Edwin Lefèvre
  • Originally Published: 1923
  • Genre: Finance
  • Pages: 288

For other finance books, podcasts and finance blogs, go to my recommendations overview.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s