It is time for another book club recommendation! I haven’t done one of these for a while so it is long overdue and this month I have chosen an absolute classic, you will not be disappointed. This months book recommendation is a “fictional” autobiographical format of a legendary traders/investors trading career which spanned over 40 years.
This months book recommendation is Reminiscences of a Stock Operator by Edwin Lefevre.
This book is written as a fictional story detailing the life and career of Larry Livingstone although it is strongly suggested that the book is based on the life of legendary trader and investor Jesse Livermore. Livermore is infamous for making a fortune during the 1929 stock market crash only to lose it all within the next 10 years.
Many of the events that happened throughout his trading career and personal life are considered to be important lessons that must be learnt by anyone looking to become an investor or financial markets trader. This book also shows you what stock markets were like back when they first began and really proves how easy we all have things now.
Some say that this book is outdated, which is true as it is very old but I believe it is still a great read and contains some important lessons that you can learn. The basic rules of successful investing and trading have not changed since markets began and that is why this book is still important.
This book is an absolute classic! It has been read by aspiring stock market traders and investors for almost 100 years and should feature on everyones bookshelf.
A paperback copy can be purchased from Amazon via the link below.