Memories of the exchange speculator

More than thirty most prominent exchanges in our time admitted that it was this book that had a strong influence on them and that it was it that would recommend to beginner merchants. Published for the first time in 1923, "Memories" still remain one of the most popular books in the field of financial literature, and you can be sure that it will be read on it and study on it in the 21st century. The book "Memories of the Exchance speculator" is a fictional biography of Jesse Livermore, one of the greatest speculators in human history. Today, this book remains one of the most popular and useful investment books. Generations of investors found that Lefera’s book gives them more in the sense of understanding the market than the years of their own practical experience. Recommendations and analysis of the prices given in the book today are as adequate and useful as in 1923. In the early 1900s, Jesse Livermore won and lost tens of millions of dollars in the securities and exchange products markets, and somehow in just a month he managed to earn an astronomical amount at that time-ten million dollars. At one time, he had a reputation as a so powerful market factor that in 1929 many considered him the culprit of the exchange collapse. He had to hide and even hire a guard. "Memories ...", which were once represented in the "New York Times" as a "true book", vividly depict the process of becoming this master of speculation since the age of fourteen. From nature, he knew how to consider it perfectly in his mind and early learned to predict in which direction the prices would change. Starting from a rate of five dollars, he had already become a wealthy person by the age of twenty and acquired a reputation for Wall Catt. He carried out his first large operation in 1906, bringing down the shares of the United Pacific Railway. He bought all the cotton in the market and earned a million dollars in one day. He was a bull in the Bulls market and a bear in the bears market, and he said that only jerks relate to the exchange as a gambling game. He advises for security to balance investments and sell quotations on a large rollback. Livermore was ruined three times and, enriched with new experience, each time managed to get to his feet again. "Memories of the Exchange speculator" offer a deep understanding of motivation, attitudes and experiences inherent in each investor. This is an unlucking instruction that can make a richer life - and a wallet - today"s exchanges, just as she did it for several generations of people of this tribe