Jesse Livermore Great Bear of Wall Street Last photo ever taken before suicide - original 1940 photo
| Jesse Livermore (D. 1940 by self-inflicted gunshot wound) was known as the Boy Plunger and "Great Bear of Wall Street", was an American stock trader. He was famed for making and losing several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929. During his lifetime, Livermore gained and lost several multi-million dollar fortunes. Most notably, he was worth $3 million and $100 million after the 1907 and 1929 market crashes, respectively. He subsequently lost both fortunes. Apart from his success as a securities speculator, Livermore left traders a working philosophy for trading securities that emphasizes increasing the size of one's position as it goes in the right direction and cutting losses quickly. Livermore sometimes did not follow his own rules strictly. He claimed that his lack of adherence to his own rules was the main reason for his losses after making his 1907 and 1929 fortunes. The popular book Reminiscences of a Stock Operator, by Edwin Lefèvre, reflects on many of those lessons. Livermore himself wrote a less widely read book, "How to trade in stocks; the Livermore formula for combining time element and price". It was published in 1940, the same year he committed suicide. There is some speculation that this partnership between the two men was not their first collaboration. Since Lefèvre was a writer and journalist, it is thought that he was one of the friendly newspapermen that Livermore employed for both information and planted articles. In 1933, the police were called when Jesse Livermore went missing. The next day, after disappearing, he returned home, walking unsteadily. He said he spent the night in a hotel and awoke with a blank mind. Reading newspaper headlines about his disappearance brought him to his senses. His doctor's verdict was "Amnesia nervous breakdown."
We offer an original 9x7 inch photo stamped Dec. 1940 with the original paper caption attached to the back of the photo that ran in newspapers across the country with the original paper caption on the back – “Portrait of a Man planning Suicide.”
Livermore is pictured with his wife at the Stork club in NYC less than 24 hours before his suicide. Historic event in Livermore’s life that was plagued by depression. In the caption, it states that the photographer asked the former Boy Plunger of Wallstreet if he had any objection to being photographed, He replied, “Not at all, but it’s the last picture you’ll take because tomorrow I’m going away for a long, long time.”
Original photos of Livermore are a very rare find!
Item: 3760
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| SOLD: $495.00 | | |
