Jesse Livermore: World's Greatest Stock Trader

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John Wiley & Sons, Jul 15, 2002 - Business & Economics - 336 pages
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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.


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The turbulant life of a man who was single handedly credited with the stock market crash of 1929. The book gives, in detail, Jesse's methods of trading and would be of interest to all who follow the history of the stock market. Jesse was obsessed with playing the market and won and lost several fortunes. He traveled in the fast crowd of New York and was intimate friends with the Robber Barons of Wall Street. When the challenge of trading no longer interested him, he took his own life at the age of 63. 

Selected pages


chapter one The Great Bear of Wall Street
chapter two The Back Story
chapter three The San Francisco Earthquake Rumbles in New York
chapter four The Crash of 1907
chapter five The Cotton King
chapter six Back on His Game
chapter seven Perfecting His Market Theory
chapter eight Stock Pools and Scandals
chapter eleven When to Hold and When to Fold
chapter twelve Livermores MoneyManagement Rules
chapter thirteen Livermores Luck Sours
chapter fourteen The Shooting of Jesse Livermore Jr
chapter fifteen Facing the Grim Reaper
appendix Livermores Laws and Trading Secrets Revealed

chapter nine Boston Billy
chapter ten The Crash of 1929

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Page 11 - What little business I do in the stock market has only been as an individual and will continue to be done on such a basis. "It is very foolish to think that any individual or combination of individuals could artificially bring about a decline in the stock market in a country so large and so prosperous as the United States.

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About the author (2002)

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.

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