Jesse Livermore's Two Books of Market Wisdom

Jesse Lauriston Livermore (July 26, 1877 - November 28, 1940) was an American investor.
Livermore was born in Shrewsbury, Massachusetts to a poverty-stricken family and moved to Acton, Massachusetts as a child. He started his trading career at the age of fourteen. With his mother's blessing, Livermore ran away from home to escape a life of farming his father intended for him. He then began his career by posting stock quotes at the Paine Webber brokerage in Boston.
His first big win came in 1901 when he went long Northern Pacific stocks hoping to capitalize on the prevailing bull market. He turned his stake of $10,000 into $50,000.
The trading principles which Livermore established continue to be studied and absorbed by modern day traders. Some of Livermore's trades have become legendary and have led to his being regarded as arguably the greatest trader who ever lived.
On November 28, 1940, Livermore fatally shot himself in the cloakroom of the Sherry Netherland Hotel in Manhattan. Edwin Lefvre (1871-1943) was an American journalist, writer, and diplomat most noted for his writings on Wall Street business.
Lefvre was born George Edwin Henry Lefvre on January 23, 1870 in Coln, Colombia (now Panama), the son of Emilia Lusa Mara Santiago de la Ossa and Henry Lefvre (1841-1899). Mr. Lefvre sent his son Edwin to the United States when he was a boy. Edwin eventually went to Lehigh University, where he received training as a mining engineer. However, at the age of nineteen, he began a career as a journalist and eventually became a stockbroker. Following his father's death, he inherited some wealth and became an independent investor.
While living in Hartsdale, New York in 1901, Edwin published a collection of short works under the title Wall Street Stories. This was followed by several novels with themes on money and finance. In 1908, Lefvre and his wife Martha and their children moved to a country estate in East Dorset, Vermont. In 1909 he was appointed ambassador to Spain and Italy by his native country, Panama. Afterward, Lefvre worked as a broker on Wall Street and was the financial writer for the New York Sun newspaper. He later returned to his home in Vermont where he resumed his literary work, providing short stories for magazines such as The Saturday Evening Post and writing novels.
Of the eight books written by Edwin Lefvre, his Reminiscences of a Stock Operator is considered a classic of American business writing. The book began as a series of twelve articles published between 1922 and 1923 in The Saturday Evening Post. It was written as first-person fiction, telling the story of a professional stock trader on Wall Street. While published as fiction, it is generally accepted to be the biography of stock market whiz Jesse Livermore. The book has been reprinted almost every decade since its original publication. It has been translated into Chinese, German, French, Polish, and Italian among others. A George H. Doran Company first editi...