Authors of this book
The book, “Jesse Livermore’s Methods of Trading in Stocks“, is co-authored by Jesse Livermore and Richard Wyckoff.
Recommendation Reasons
The Chinese version of this book is only about 150 pages long and can be read in an hour. The original English version is even shorter, only 34 pages. To be more precise, this is a personal research paper by Richard Wyckoff on Jesse Livermore, supplemented by Richard Wyckoff’s actual interviews with Jesse Livermore—a “brief” record.
The first third mainly consists of Jesse Livermore’s important views and insights on stock market investment. The remaining part is Richard Wyckoff’s very concise summary of Jesse Livermore’s research and interviews. Jesse Livermore’s Practical Stock Market Investment Methods
Livermore’s important view to stock market in this books
- Anyone who believes their success depends on luck should avoid the stock market.
- For investors, the only essential thing is to identify which industries are the strongest.
- The only way to succeed in investing is to conduct thorough research before investing.
- The smartest way to keep up with market trends and succeed is to conduct in-depth industry research to distinguish which industries are good.
- The only way to succeed in investing is to conduct thorough research before investing, investigate before acting, adhere to fundamental principles, and ignore everything else.
- Select stocks of the strongest companies in strong industries.
- Select industries with the brightest future and adjust our expectations based on the future development of those industries.
- The key elements for success in the stock market are knowledge and patience.
- Stock trading also has rules that require careful study.
Related articles
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- ““A Random Walk Down Wall Street” is a must-read for US stock investors“
- “How to Invest”
- “Great primer books for Investing in the stock market“
- ““One Up on Wall Street”, Peter Lynch’s great book for investing newbie“
- “Charles Ellis and his “Winning the Loser’s Game” “
- ““Benjamin Graham on Value Investing”, Graham’s bio book“
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