Quotes from book
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.

“The speculator is not an investor.”
Source: Reminiscences of a Stock Operator (1923), Chapter X, p. 114

“A stock operator has to fight a lot of expensive enemies within himself.”
Source: Reminiscences of a Stock Operator (1923), Chapter II, p. 14

“the public never is independently responsive to news.”
Source: Reminiscences of a Stock Operator (1923), Chapter VI, p. 69