Wednesday, December 23, 2009

A LEGAL STASH?

The Globe and Mail today had an article on ' NUGGETS FROM MY STASH OF FINANCE BOOKS ' - It was a great article by a John Heinzl of the Globe highlighting some of his favourite financial books . He noted that the books are for both experienced and non-experienced investors . I must confess to not knowing any of these books, but recognized two of them by their authors .

One of my favourite books of all time is a true Wall Street Masterpiece . It is called ' REMINISCENCES OF A STOCK OPERATOR ' and covers the true story of Jesse Livermore, one of the first speculators on Wall Street . Its an incredible story of how Livermore played on investor psychology and created massive pump and dump scams. Many feel he was the cause of the '29 market crash . Its an incredible and humorouos and well written story . The author is Edwin Lefevre .

Interestingly I read this book in the 1980's and then lived through DOT COM era when I was at HP for ten years in the 1990's. In hindsight I had been pre-warned, but neglected the signs!
Stan

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