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Discover a new way to read classics with Quick Read.
This Quick Read edition includes both the full text and a summary for each chapter.
- Reading time of the complete about 10 hours
- Reading time of the summarized 18 minutes
"Reminiscences of a Stock Operator" is a 1923 novel by Edwin Lefèvre, inspired by the life of stock trader Jesse Livermore. The book is divided into three parts, covering Livermore's experiences from 1890 to the 1920s. In the first part, Livermore takes advantage of the bid-ask spread on inactive stocks with high leverage. In the second part, he becomes a stock trader on the New York Stock Exchange, experiencing both success and failure due to his use of high leverage. In the final part, Livermore engages in market manipulation, charging fees for manipulating stock prices. The book has received accolades, with Alan Greenspan praising it as a source of investing wisdom. It is also listed among "The Smartest Books We Know" about business. "Reminiscences of a Stock Operator" remains in print and an annotated edition was published in 2009.
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