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Jesse L. Livermore

Definition

Jesse Lauriston Livermore was an American investor and security analyst. Livermore was famed for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929.

What is 'Jesse L. Livermore'

Livermore rose from a humble farming background to become a stock trader in Boston. Over the course of his career, he won and lost several fortunes in many arenas. A self-made man with no formal education or trading experience, Livermore focused on making money from the overall market directions and not concentrating on individual stocks. He believed that insider and professional research opinions were not a just means for stock picking as investors had to perform their own analysis.

Explaining 'Jesse L. Livermore'

Livermore lived from 1877 to 1940. He espoused the strategy of buying and holding during bull markets and selling when market momentum began to shift. He believed that effort was a key component that separated the winners and losers in the investment world.


Further Reading


A behavioral-economics view of poverty
pubs.aeaweb.org [PDF]
… Markets represent not only economic and business fundamentals but also complex human emotions … Insull Jesse H. Jones Otto H. Kahn Joseph P. Kennedy John M. Keynes Ivar Kreuger John Law Edwin Lefèvre Lehman Brothers Robert Lehman Jesse L. Livermore Charles E …

An economic analysis of international environmental rightsAn economic analysis of international environmental rights
link.springer.com [PDF]
… Markets represent not only economic and business fundamentals but also complex human emotions … Insull Jesse H. Jones Otto H. Kahn Joseph P. Kennedy John M. Keynes Ivar Kreuger John Law Edwin Lefèvre Lehman Brothers Robert Lehman Jesse L. Livermore Charles E …

A bellman view of Jesse livermoreA bellman view of Jesse livermore
amstat.tandfonline.com [PDF]
… Markets represent not only economic and business fundamentals but also complex human emotions … Insull Jesse H. Jones Otto H. Kahn Joseph P. Kennedy John M. Keynes Ivar Kreuger John Law Edwin Lefèvre Lehman Brothers Robert Lehman Jesse L. Livermore Charles E …

Financial derivative instruments and social ethicsFinancial derivative instruments and social ethics
link.springer.com [PDF]
… Markets represent not only economic and business fundamentals but also complex human emotions … Insull Jesse H. Jones Otto H. Kahn Joseph P. Kennedy John M. Keynes Ivar Kreuger John Law Edwin Lefèvre Lehman Brothers Robert Lehman Jesse L. Livermore Charles E …

Cost-Benefit Analysis and the Structure of the Administrative State: The Case of Financial Services RegulationCost-Benefit Analysis and the Structure of the Administrative State: The Case of Financial Services Regulation
heinonline.org [PDF]
… Markets represent not only economic and business fundamentals but also complex human emotions … Insull Jesse H. Jones Otto H. Kahn Joseph P. Kennedy John M. Keynes Ivar Kreuger John Law Edwin Lefèvre Lehman Brothers Robert Lehman Jesse L. Livermore Charles E …