Reminiscences of a Stock Operator

"Although Reminiscences...was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer's frenzy on the foreign exchange markets."
—Worth magazine

"The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923."
—The Seattle Times

"After twenty years and many re-reads, Reminiscences is still one of my all-time favorites."
—Kenneth L. Fisher, Forbes

"A must-read classic for all investors, whether brand-new or experienced."
—William O'Neil, founder and Chairman, Investor's Business Daily

"Whilst stock market tomes have come and gone, this remains popular and in print eighty years on."
—GQ magazine

First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life—and your portfolio.

Chapter I - 3

Chapter II – 14

Chapter III – 27

Chapter IV – 35

Chapter V – 49

Chapter VI – 60

Chapter VII – 71

Chapter VIII – 77

Chapter IX – 89

Chapter X – 104

Chapter XI – 116

Chapter XII – 127

Chapter XIII – 141

Chapter XIV – 153

Chapter XV – 168

Chapter XVI – 176

Chapter XVII – 190

Chapter XVIII – 203

Chapter XIX – 210

Chapter XX – 216

Chapter XXI – 227

Chapter XXII – 241

Chapter XXIII – 259

Chapter XXIV – 269

"...certainly one of the most entertaining books ever written about stock trading..." (Money magazine, November 2007)

"...is a classic that gives readers a sense of a trader's mind..." (Wall Street Journal, August 7, 2006)

"... an engaging read, chock-full of pearls of wisdom and amusing anecdotes...candid and analytical style evoking sympathy for the narrator." (Money Week, October 2006)

"... contains timeless advice on the markets." (The Independent, Extra, Thu 13th March)

EDWIN LEFÈVRE began writing about Wall Street in 1897. During his career, he wrote eight books, worked for the New York Sun, served as financial editor of Harper’s Weekly, and wrote for the Saturday Evening Post.

“Although Reminiscences … was first published some ninety years ago, its take on crowd psychology and market timing is as timely as last summer’s frenzy on the foreign exchange markets.”
—Worth magazine

“The most entertaining book written on investing is Reminiscences of a Stock Operator, by Edwin Lefèvre, first published in 1923.”
—The Seattle Times

“After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.”
—Kenneth L. Fisher, Forbes

“A must-read classic for all investors, whether brand-new or experienced.”
—William O’Neil, founder and Chairman, Investor’s Business Daily

“Whilst stock market tomes have come and gone, this remains popular and in print ninety years on.”
—GQ magazine

First published in 1923, Reminiscences of a Stock Operator is the most widely read, highly recommended investment book ever. Generations of readers have found that it has more to teach them about markets and people than years of experience. This is a timeless tale that will enrich your life—and your portfolio.