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Mockingbird Press Jesse Livermore by Jesse Lauriston Livermore Edwin Lefevre Richard Demille Wyckoff
For the first time these two works attributed to the great Jesse Livermore are presented together in one volume with a new foreword by Juliette Rogers. Both contain interesting insights into Livermores life and times as well as the reasons for his success. They remain classics and must reads for every new aspirant in the world of speculation.The two books in this volume were written in the early 1920s when Livermore was already famous but still ascending to the peak of his wealth. The nightmare of World War I was fading and the United States had successfully transitioned from a wartime economy into a peacetime powerhouse. Americans became enamored of cars telephones radios and movies. A newfound fascination with celebrities extended beyond film stars and athletes to the rich and powerful. People wanted to know how Wall Street wizards like Jesse Livermore spun their magic.The first book Reminiscences of a Stock Operator by Edwin Lefèvre offers keen insight while at the same time adding to the Livermore enigma. Reminiscences is the firstperson narrative of a fictional speculator named Larry Livingston whose life events happen to match precisely those of Jesse Livermore. As a financial journalist biographer and novelist Edwin Lefèvre gave his readers their muchdesired glimpse into the lofty world of Wall Street elites. He wrote eight other books but none matched the success of Reminiscences which has remained in print since 1923 and been translated into numerous languages. Even the understated former Federal Reserve Chairman Alan Greenspan once called it a font of investing wisdom.In true Livermore fashion the book itself remains something of a mystery. Specifically over the decades many readers have wondered if the books author was not Lefèvre but none other than Jesse Livermore. The two men were long acquainted and may have traded useful information over the years. A 1967 biography claims that Livermore shortly before his death acknowledged writing Reminiscences with guidance from Lefèvre who served as editor and coach. This revelation came to the biographer secondhand and without confirmation so the mystery continues. However attentive readers may note the narrators especially gleeful tone whenever windfalls are made or old scores are settled suggesting a connection more personal than professional.In the years following these publications Livermore continued to burnish his legend. A 1924 runup in wheat prices squeezed him out of $3 million but the following year he recovered his losses and added tremendous profit when the wheat market collapsed. Of course in this era of modest regulation markets were vulnerable to manipulation and Livermoreby now nicknamed the Great Bear of Wall Streetdid not eschew such tactics.show more