Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (119492)	3/6/2001 5:03:13 PM
From: Bilow	Read Replies (2) \| Respond to of 164684

Hi Kevin Podsiadlik; Re the "Livermore" book... Actually, that book was written by Edwin Lefevre, not Jesse Livermore. As a reference, it pales in comparison to John K. Galbraith, who like, got the Nobel prize in economics. In addition, I recall that Livermore's trading experiences were largely with "bucket shops" not brokerages. Bucket shops allowed people to buy and short equities without any actual shares changing hands at all. A better comparison on bucket shops would be bookies allowing gamblers to make bets on football games without requiring that they put the money up in advance. Since the bookie has better (i.e. less legal) ways of collecting on debts than a broker does, he can give better margin. I don't know what effect the bucket houses had on trading, but my guess is that it was minuscule. Probably a great way to learn how to trade, though. For those interested in the book, here's a link to buy it (at borders of course, LOL): search.borders.com Reminiscences of a Stock Operator by Edwin Lefevre First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Jesse Livermore, one of the greatest speculators ever. Reminiscences remains the most widely read, highly recommended investment book ever written. Generations of investors have found that it has more to teach them about themselves and other investors than years of experience in the market. This is a timeless tale that will enrich the lives-and portfolios-of today's investors as it has those of generations past. EDWIN LEFEVRE was trained as a mining engineer, but became a journalist at age 19. He produced eight books, including The Making of a Stockbroker, during his 53-year writing career. au.store.yahoo.com Reminiscences of a Stock Operator is the thinly disguised biography of Jesse Livermore, a remarkable character who first started speculating in New England bucket shops at the turn of the century. moneylink.co.uk -- Carl