Cover image for Jesse Livermore : world's greatest stock trader
Jesse Livermore : world's greatest stock trader
Smitten, Richard.
Personal Author:
Publication Information:
New York : Wiley, [2001]

Physical Description:
xi, 319 pages : illustrations ; 23 cm
Electronic Access:
Table of Contents
Format :


Call Number
Material Type
Home Location
Item Holds
HG4928.5.L58 S655 2001 Adult Non-Fiction Non-Fiction Area

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"An excellent read."
--Ace Greenberg, Chairman, Bear Stearns

Richard Smitten's Jesse Livermore is the first full biography of the legendary trader profiled in the bestselling Reminiscences of a Stock Operator (Wiley: 0-471-05970-6). Although he died more than half a century ago, Livermore is considered by today's top traders as the greatest trader who ever lived. An enigmatic loner, misanthrope, and notorious miser, Livermore revolutionized the profession with his innovative timing techniques, money management strategies, and high-momentum approach to trading stocks. Smitten provides a vivid portrait of Livermore and the times in which he lived and operated. He deftly combines eyewitness accounts of those who knew Livermore with fascinating stories of sensational love affairs, shootings, and suicides, and a detailed exploration of the trading strategies that made Livermore several fortunes in his lifetime.

Richard Smitten (Key West, FL) is the author of several books, including The Godmother , the critically acclaimed story of a famous woman criminal.

Author Notes

RICHARD SMITTEN is a full-time author and trader who resides in Ft. Lauderdale, Florida. He holds a BA in English from the University of Western Ontario. As executive vice president of MTS International, he oversaw personnel on North Sea oil rigs, the design of the Dassault Mirage jet fighter, and security for the then newly discovered Nigerian oil fields. He also worked for the Vick Chemical Company where he became marketing director of the Canadian division. Smitten is the author of a number of books, including The Godmother, Capital Crimes, and Legal Tender, and the coauthor (with Robin Moore) of Inside the Cocaine Cartel.

Table of Contents

Prefacep. ix
Acknowledgmentsp. xiii
Chapter 1 The Great Bear of Wall Streetp. 1
Chapter 2 The Back Storyp. 19
Chapter 3 The San Francisco Earthquake Rumbles in New Yorkp. 39
Chapter 4 The Crash of 1907p. 63
Chapter 5 The Cotton Kingp. 85
Chapter 6 Back on His Gamep. 107
Chapter 7 Perfecting His Market Theoryp. 127
Chapter 8 Stock Pools and Scandalsp. 151
Chapter 9 Boston Billyp. 175
Chapter 10 The Crash of 1929p. 191
Chapter 11 When to Hold and When to Foldp. 205
Chapter 12 Livermore's Money-Management Rulesp. 223
Chapter 13 Livermore's Luck Soursp. 245
Chapter 14 The Shooting of Jesse Livermore Jr.p. 265
Chapter 15 Facing the Grim Reaperp. 277
Appendix Livermore's Laws and Trading Secrets Revealedp. 301
Sourcesp. 315
Bibliographyp. 317