Summary of Edwin Lefèvre's Reminiscences of a Stock Operator

Please note: This is a companion version & not the original book. Book Preview:

#1 I was a quotation-board boy in a stock-brokerage office when I was 14. I was good at mental arithmetic, and I enjoyed posting the numbers on the big board in the customers’ room. I was interested in the behavior of prices, and I kept a record of my observations.

#2 I first began to pay attention to the message of the tape when I was 14. I would write down the stock and the price on Monday, and remembering past performances, I would write down what the stock should do on Tuesday and Wednesday.

#3 I was 15 when I had my first thousand dollars, made in the bucket shops. I was making a good living. I began in the smaller bucket shops, where the man who traded in twenty shares at a clip was suspected of being John W. Gates in disguise or J. P. Morgan traveling incognito.

#4 I was a one-man business, and I kept my business to myself. I didn’t have a following. I kept my prices either going the way I wanted them to, or they went the other way, and nobody could stop them out of kindness to me.

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Rafbók: 29 april 2022