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milandeep 's review for:
What a life! Jesse Livermore, born a poor farm boy who became the greatest speculator on Wall Street and died a pauper. Tom Rubython has written a well-researched biography of the man who was called "The Boy Plunger". Livermore is now not very well known except among the people who follow the markets but he was a very famous man in US during his lifetime. His life is both instructional and inspirational especially for people who trade in the stock markets. He went broke many times but came back strongly each time except the last time, when he knew that the game is over. His most successful time was the period of depression in 1929.
Rubython tells about the phenomenon of 'bucket shops', the financial crisis of 1907 and the financiers of Wall Street of the early 20th century. It was very fascinating to learn how people use to trade in that era and how much the market has evolved in the past 100 years. He takes us deeper inside the mind of the trading genius and has covered many of Livermore's successes and failures very well. The book provides a very good lesson in market history and reminds us in the words of Jesse Livermore that “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills.”
Rubython tells about the phenomenon of 'bucket shops', the financial crisis of 1907 and the financiers of Wall Street of the early 20th century. It was very fascinating to learn how people use to trade in that era and how much the market has evolved in the past 100 years. He takes us deeper inside the mind of the trading genius and has covered many of Livermore's successes and failures very well. The book provides a very good lesson in market history and reminds us in the words of Jesse Livermore that “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills.”