Date of Birth: July 26, 1877
Zodiac Sign: Leo
Date of Death: November 28, 1940
Biography
Jesse Lauriston Livermore, often referred to as the “Great Bear of Wall Street,” was an American stock trader who made and lost several fortunes during his career. Born in 1877 in Shrewsbury, Massachusetts, Livermore started his career at the tender age of 14 by working as a chalk boy in a Boston brokerage office. There, he began to learn the intricacies of the stock market and started placing his own bets. Over time, Livermore became known for his extraordinary ability to predict market movements, particularly during the Panic of 1907 and the Wall Street Crash of 1929, where he made substantial profits by short selling. Despite his remarkable successes, Livermore also faced significant financial and personal challenges, including multiple bankruptcies and a tumultuous personal life that included several marriages. His life story remains a staple for those studying the highs and lows of speculative trading.
5 Interesting Facts about Jesse Livermore
1. Jesse Livermore made $3 million in a single day during the Panic of 1907.
2. He was largely self-taught and developed his trading strategies through personal experience.
3. Livermore’s book, “How to Trade in Stocks,” is still considered essential reading for traders.
4. His trading strategies and philosophies have influenced modern financial theories and practices.
5. Despite his financial acumen, Livermore faced numerous personal challenges, including depression, which led to his tragic suicide in 1940.
5 Most Interesting Quotes from Jesse Livermore
1. “The game taught me the game. And it didn’t spare the rod while teaching.”
2. “There is nothing new on Wall Street. There can’t be because speculation is as old as the hills.”
3. “It’s not the thinkin’ that makes the money, it’s the sittin’.”
4. “Markets are never wrong – opinions often are.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals.”
Highest Net Worth Achieved
Jesse Livermore’s highest net worth was estimated to be around $100 million in 1929, equivalent to over $1 billion in today’s dollars.
Children
Jesse Livermore had two children: 1. Jesse Livermore Jr. 2. Paul Livermore
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