Sunday, March 27, 2011

Jesse Livermore: Preparation And Experience Is Required For Success

"Of course the same things happen in all speculative markets. The message of the tape is the same. That will be perfectly plain to anyone who will take the trouble to think. But people never take the trouble to ask questions, leave alone seeking answers. The one game of all games that really requires study before making a play is the one he goes into without his usual highly intelligent preliminary and precautionary doubts. He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile."

Jesse Livermore


  1. Jesse Livermore commited suicide

  2. That he did. But people are interested in how he made $1-2 billion in today's dollars from trading, before the suicide.