Technical analysis · Intermediate
Reminiscences of a Stock Operator
Edwin Lefevre
A 1923 trading memoir that is still quoted because the crowd behaviour it describes has not changed. Read it for discipline, not technique.
Out of copyright — read the whole book here, free.
The complete text is stored on this site. No account, no other website. About 109,113 words, roughly 8 hours of reading.
- First published
- 1923
- Length
- 273 pages
- ISBN
- 9781954525566
The highlights
What this book actually gives you, in short.
- 1
A 1923 memoir whose lessons survive because they are about behaviour, not markets.
- 2
Its core claim is that being right is easy and sitting still is hard.
- 3
Read it for discipline and for what losing repeatedly actually teaches.
At a glance
Drawn from the catalogue record — every line here is a checkable fact about the book, not an opinion about it.
- Covers New York Stock Exchange, Speculation, Stockbrokers, Livermore, jesse, Brokers.
- First published in 1923.
- About 273 pages, roughly 6 hours of reading.
- The complete text is hosted on this site — read it here, free.
In the author’s own words
Taken word for word from the text on this site. Each one links to the page it appears on.
“Another lesson I learned early is that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market to-day has happened before and will happen again. I’ve never forgotten that.”
“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It was always my sitting.”
“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. Old Turkey was dead right in doing and saving what he did. He had not only the courage of his convictions but the intelligent patience to sit tight.”
“The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear.”
Catalogue details (publication year, length, ISBN and cover) were compiled once from Open Library and are stored on this site. The at-a-glance points are generated from that record. The numbered highlights are written by the Stock Education team. Quotations are verbatim from the out-of-copyright text hosted here. This page loads nothing from any other website.