2026-07-22
54 分钟He would walk into stockbroker's offices and they'd think he was a naive kid when,
in fact, he was an absolute shark and would clean the place out.
I mean, I found this great quote that apparently he gave to his kids.
The only way to get a real education in life is to examine each and every one of your mistakes.
Yeah, and isn't that the truth on Wall Street in life?
I know, I know.
It's the very same thing.
I think what's so compelling about Jesse Livermore is that he does learn from his mistakes, most of them.
The time at least bad investors what what they do and what i've done when i've made mistakes
is you think you lost because it was a coincidence livermore never does that yeah the only thing that is winning
is making money and if you lose and lose money it's because you were wrong not
because you were unlucky today on the story of money How do you make a hundred million bucks when marks are crashing
and everyone else is losing their shirt and then somehow blow it all?
Well, today we're going to be talking about one of history's most legendary traders, Jesse Livermore.
He made a cool hundred million dollars in the great crash of 1929. And that's actually $1.5 billion in today's money.
Or if you want to scale it relative to the size of the US economy back then and now, around $30 billion.
One of the biggest trading halls in history.
He was a larger-than-life character who went from Massachusetts farm boy to champagne-soaked parties in New York.
He even helped inspire F.
Scott Fitzgerald's Jay Gatsby.