Quotes from book
Reminiscences of a Stock Operator

Reminiscences of a Stock Operator

Reminiscences of a Stock Operator is a 1923 roman à clef by American author Edwin Lefèvre. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point.The book remains in print . In December 2009, Wiley published an annotated edition in hardcover, ISBN 0-470-48159-5, that bridges the gap between Lefèvre's fictionalized account and the actual people and places referred to in the book. It also includes a foreword by hedge fund manager Paul Tudor Jones.


Edwin Lefèvre photo

“History repeats itself all the time on Wall Street.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XVIII, p. 217

Edwin Lefèvre photo

“When you find that it fails to respond adequately to your buying you don't need any better tip to sell.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XXI, p. 249

Edwin Lefèvre photo

“As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XV, p. 183

Edwin Lefèvre photo

“To subordinate my judgment to his desires was the undoing of me.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XIII, p. 159

Edwin Lefèvre photo
Edwin Lefèvre photo

“Oh, Mr. Wolff, what do you think of Balzac? "
Josh politely ceased to masticate, swallowed and answered,
" I never trade them Curb stocks!”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XXII, p. 265 (See also: New York Curb Exchange)

Edwin Lefèvre photo

“Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XIV, p. 172

Edwin Lefèvre photo

“It didn't require a Sherlock Holmes to size up the situation.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XV, p. 182

Edwin Lefèvre photo

“The big money in booms is always made first by the public - on paper.
And it remains on paper.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XXI, P. 257

Edwin Lefèvre photo
Edwin Lefèvre photo
Edwin Lefèvre photo
Edwin Lefèvre photo

“The public always wants to be told.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XXIV, p. 287

Edwin Lefèvre photo
Edwin Lefèvre photo

“As I have said a thousand times, no manipulation can put stocks down and keep them down.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XV, p. 186

Edwin Lefèvre photo

“TIPS! How people want tips! They crave not only to get them but to give them.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XVI, p. 188

Edwin Lefèvre photo

“The game taught me the game.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter III, p. 29

Edwin Lefèvre photo

“When the man who ought to want a stock doesn't want it, why should I want it?”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter XVII, p. 211

Edwin Lefèvre photo
Edwin Lefèvre photo

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