Classic Livermore (Trading) Book Free Online

Dan Mezick · #1 01-16-2005, 11:31 AM

Here it is - the classic:

Reminiscence of a Stock Operator (PDF)

One of the best books of all time on speculation, from a master.

zerosum · #2 01-16-2005, 11:34 AM

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One of the best books of all time on speculation, from a master.

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. . . from a master . . . who later put a bullet through his head in a public toilet after busting out yet again.

Dan Mezick · #3 01-16-2005, 01:12 PM

...how a person ends does not invalidate how he started, or his achievements in the middle of his life.

Van Gogh was a brilliant artist. He committed suicide.

Was he a total failure, unworthy of study?

No. He is acknowledged as one of the greatest artists of all time.

Vincent van Gogh short Biography

Here is another kind of artist, no less accomplished in his kind of art:

Jesse Livermore short Biography

...

DesertCat · #4 01-16-2005, 02:19 PM

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Here is another kind of artist, no less accomplished in his kind of art:

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The result of great investments is great wealth, failing to achieve success in investing means you most likely shouldn't be emulated. When a speculator dies penniless, the lesson of his life is that speculation is to be avoided.

Dan Mezick · #5 01-16-2005, 07:25 PM

Perhaps the poker of Stu Ungar is not worth emulating nor playing, for these same reasons.

Martin · #6 01-18-2005, 10:56 AM

Thanks for that, the other articles on the site are also interesting.

tek · #7 01-20-2005, 11:29 AM

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One of the best books of all time on speculation, from a master.

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. . . from a master . . . who later put a bullet through his head in a public toilet after busting out yet again.

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Livermore was up and down a few million a few times. During his second time up he left a lot of money in an irrevocable trust to his wife and kids.

As to why he didn't quit during one of his up times, I don't know. Maybe he had to high of a lifestyle. But the fact that he had made so much means he knew how to trade.

zerosum · #8 01-20-2005, 05:36 PM

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As to why he didn't quit during one of his up times, I don't know.

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Perhaps he confused brains with a favorable market.