Rating:  Summary: Timeless Review: This does not read like a book that is 80 years old. Its relevance certainly has not diminished with the passage time. The book has a bit of a fireside quality to it. There really isn't a whole lot of dialogue between characters. Most of the book consists of monologues by Larry Livingston, the protagonist. It is almost as if you spend a weekend with Larry, a guy who has seen and done some fascinating things in the market, and he tells you about some of his triumphs and follies. One of my favorite stories from the book is about how Livingston, while fishing in Palm Beach, identified a situation in which insiders in a company called Tropical Trading were trying to manipulate the market by inflating the price of the company's shares. Livingston, recognizing the stock as being overvalued, began to sell shares. He recounts, after having sold 2,000 shares at about $153: "The moment I got to Palm Beach and saw what the misguided insiders were still trying to do, I let them have a second lot of 2,000 TT [shares of Tropical Trading]. Back came the report and I sold another 2,000 shares. The market behaved excellently. That is, it declined on my selling. Everything being satisfactory I went out and had a chair ride. But I wasn't happy. The more I thought the unhappier it made me to think that I hadn't sold more. So back I went to the broker's office and sold another 2,000 shares. The insiders noted what he was doing and proceeded to try to squeeze him, as well as the other shorts, by creating a rally in the stock. I won't tell you how he did so, but Livingston turned the rally upside-down on the insiders (and ended up making a bunch of money at their expense). He is not Superman, though, and does not hide his mistakes. One of his personal favorites was when a book salesman walked into Livinston's office and fleeced him for a $500 set of books. Though this was not one of his more costly mistakes, it was certainly entertaining to see him being taken advantage of. These are the kinds of experiences that he (though a fictitious character) recounts. They are not are not only very enjoyable to read, but also highly instructive. I honestly think that I will be a better investor for having read this book.
Rating:  Summary: What is this book? Review: This book is nowhere near a "make a million a day books" infact its far from that. To even learn how make big profits and keep them, takes years of patience, and learning. And that is the type of method this book teaches you, which is why it makes it the best book there is on sale. If you do not understand or disbelieve what it says in this book, then your not ready to make big money in the market. If you do want to succeed, read this book more than once, go thru a few years of making mistakes and most importantly, know what went wrong and CORRECT THEM, and by your side will be this truly pure gold artifact of wisdom to aid you. And for those people who disagree and believe this book is just about a little boy who became a very lucky gambler and made millions, then thats okay. That is what keeps the number of elite speculators small. : )
Rating:  Summary: Stock Operator of yesterday Review: Upon first read you are shocked at the uncanny similarities of yesteryear's financial markets and today's financial markets. On second read you simply find the book quaint. This book holds a unique bible like quality for the financial industry as a whole. On those merits it is a very good read, although slow going in some parts. I appreciate the book for what it is, a snapshot into the past, but find many more modern books more helpful in my trading decisions.
Rating:  Summary: The best book ever written. Review: This is the best book ever written on the subject of trading. If you have never read this book read it now, read it twice.
Rating:  Summary: Without a doubt the best book on the subject ever written. Review: Of all the stock market related books that I have read, this is not only the most entertaining but also quite possibly the most valuable. Anybody who is serious about activly trading/investing in the stock market needs to read this book, the same rules that applied 80 years ago apply today, probably more so. Do yourself a favor and make this book a part of your collection.
Rating:  Summary: More entertaining than really useful ! Review: So what can you learn from the story of a trader who lived decades ago? Well not much practically ... but the lessons of Reminiscences of a Stock Operator deal mostly in the psychological aspects of trading, contrarian points of view etc. These days I would not recommend anyone look at this book for practical advice. There are a lot of other excellent source out there. I use a great program at SageTrade.com. But if you are looking for an entertaining story about trading in days gone by .. then this is it.
Rating:  Summary: It deserves a special 10 star ratings Review: Any one who says otherwise need to reread it until they get it. A must own book/bible.
Rating:  Summary: Greatest book on speculation ever written Review: There is no doubt that Reminicences is the greatest book on speculation ever written and if you are serious about actively speculating you MUST read it, preferably more than once. My only caveat is that almost no reviews or even biographers of Jesse Livermore have pointed out the obvious fact that Jesse had a compulsive gambling disorder. The reader should realize that he lacked self control and probably did not lead a fulfilling life. The book does not tell you that after losing his shirt in the great crash (1929-1932) he was unable to recover from his loses and eventually committed suicide. Just remember that there is much more to life than money. He who loves money never has money enough, and he who loves income is never satisfied with his income.
Rating:  Summary: The trading bible! Review: I only write one of these when I truly believe in a book. To me this was an excellent exposition on behavioral finance and trading. This book demonstrates that exploitable inefficiencies exist in the capital markets and provides many ways to take advantage of them. It would be a challenge to write a more succinct discourse on the pitfalls of trading.
Rating:  Summary: If you only had one choice. Review: If you only had one choice of a book to buy on trading and investing, this would be the book. Make sure when you are reading it that you have a pencil and notebook handy so you can write down all the knowledge you extract from it's pages.
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