In addition to being an investor and security expert, Jesse Lauriston Livermore was also a businessman. He was renowned for amassing and then squandering numerous multimillion-dollar fortunes by short selling during the stock market crises of 1907 and 1929, as well as other events.
What is ‘Jesse L. Livermore’
Despite coming from a modest agricultural background, Livermore went on to become a successful stock trader in the Boston area. Throughout his professional life, he has experienced both success and failure in a variety of sectors. In spite of the fact that he had no formal education or trading expertise, Livermore was successful because he concentrated on generating money from the general market trend rather than individual stocks. His belief was that insider and professional research views were not a legitimate technique of stock selection since investors were required to do their own research.
Explaining ‘Jesse L. Livermore’
Livermore was born in 1877 and died in 1940. Buy and hold during bull markets, then sell when the market’s momentum begins to turn, was his investment philosophy. He thought that effort was a critical factor in distinguishing winners from losers in the financial sector.
- A behavioral-economics view of poverty – pubs.aeaweb.org [PDF]
- An economic analysis of international environmental rights – link.springer.com [PDF]
- A bellman view of Jesse Livermore – amstat.tandfonline.com [PDF]
- Financial derivative instruments and social ethics – link.springer.com [PDF]
- Cost-Benefit Analysis and the Structure of the Administrative State: The Case of Financial Services Regulation – heinonline.org [PDF]