Please if you don't know about Finance do not recommend wrong books to novices.

this is a fictional book, you must be crazy if you base your investments on a novel!

ABOUT THE BOOK:
Livingstone develops a ‘theory’ and tests it. He finds that ‘his theory works’, but
as to what this theory is, the reader is left completely in the dark. We do get a lot of
‘deep-sounding’ mottoes like “prices are never too high to begin buying or too low to
begin selling”, but these proclamations make no sense.
Putting his ‘theory’ to practice, he starts trading in ‘bucket shops’ (small off-
Wall-Street stock speculation houses) and does well. But then, the market takes a bad
turn and he looses everything. As he tells us, his theory had predicted these market
moves, but he lost everything because he ‘failed to believe his charts’. This line caught
on and became the most frequently used explanation by chartists when they loose money:
their theory had correctly predicted the market’s move, but they didn’t believe it!


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If you really want to read a classic book then go for the "A Random Walk Down Wall Street", Burton G. Malkiel.
Malkiel,is an academic who has also held several positions on the boards of some of the most prestigious US mutual funds, has sited a number of studies that prove beyond any doubt that charting(what Livermore did) has no predictive ability. To explain the ‘paradox’ that chartists are still employed in many brokerage firms, Malkiel points to the fact that they make a lot of commission money for their employers by recommending many trades to the people that take their advise.

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This book is not exactly for Investments and Finances. It is basically about stock market working, market maker's stretegies trader's styles. Good or bad. How market makers can actully manage a market for whatever short or long time for their benefit and normal traders get caught in the net.

positronio, This book is more for Traders then Investors. I am a trader myself and enjoyed reading this one. Its a masterpiece because its about the man who started from rags to riches only because of stock trading and then saw his complete downfall as much as he killed himself.

I think you can be little gentle in your comments towards those who are contributing here on the best servers only for the benefits of all boarders.

If you had posted this book as a masterpiece novel, that would be fine with me. My objection is that you stated that this book "is widely regarded as one of best investment books of all time" which is merely a lie. So someone who doesn't have a clue about stock markets and wants to invest will have the wrong book in his hand.

Well I have a Msc in Finance and I feel the obligation to protect the people who do not know, so that they don't end up like the hero of the book. We are going through a period of crisis and it would be for the best of all boarders that you provide right descriptions for the things that you post. This book is about speculators and not about investors, you should know that already. You have to excuse me for being so strict about this but when it comes to people's hard worked money i tend to be very cautious to what I state, you should be too.

Whoever will read the book will eventually know for himself, what are the good or bad stretegies for investment/trading and what good that did to Jesse Livermore. I dont think fellow boarders would be so naive to invest their money solely depending upon my description of one book here or by the story of Jesse livermore, for that matter.

I have already said what I wanted too. Not interested in any debates.

Thank you so much for this post. A must-have classic.

link is dead. any possibility of reupload?

Please repost the auidobook, thanks in advance