Reminiscences of a Stock Operator

Despite being published nearly 100 years ago, Edwin Lefèvre’s with Reminiscences of a Stock Operator remains a popular trading book – so much so that it was recommended by more of our analysts than any other title.

The book is a thinly veiled biography of Jesse Livermore, one of the most famous traders of the twentieth century, who rose from small 'bucket shops' to making and losing millions on Wall Street multiple times. Its enduring popularity stems from the protagonist's candid reflection on his successes and failures, as well as the inclusion of the lessons he learned along the way – lessons that are still relevant today.

The traders in Jack Schwager's 'Market Wizards' identify the book as a major source of learning, and former Fed Chairman Alan Greenspan characterizes it as a "font of investing wisdom." Jon D. Markman's commentary in the 2010 annotated edition bridges the gap between the fictionalized world of the original and the events of Livermore's life, as well as explaining how to apply the strategies described in the book to today's markets.

Alan Greenspan called the book "a font of investing wisdom" in his 2008 book The Age of Turbulence, and noted that quotes from the book such as "bulls and bears make money; pigs get slaughtered" have become adages. It was named one of "The Smartest Books We Know" on business in a Fortune article from March 2005. Many investors, including Richard Dennis, cited Jack D. Schwager's book Market Wizards as a major source of stock trading information.

Author: Edwin Lefèvre

Link to buy: https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884