Jesse Livermore Original Associated Press Photo from 1933 Great Bear Of Wall Street

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.

Offered is an original press photo from 1933 that measures 6x8 in size.  This Associated Press Photo has the paper caption glued to the back of the photograph. The photo shows Livermore “Boy Plunger” of Wall Street with his first wife, Nettie Jordan about 1910.  He was married 3 times in his life (including his last wife in 1933).  According to the book, Jesse Livermore: World’s Greatest Stock Trader  by Richard Smitten, “On December 19, 1933, Livermore fell into the deepest depression of his life.  He left the apartment he now lived in at 1100 Park Avenue at 3 PM and did not return home.  Harriet called the police.”

“A confidential wire was sent over the teletype system at 2:32 on the morning of December 20 reporting that the famous financier was missing.”

Livermore resurfaced on Wednesday night at his apartment after fears of his kidnapping.  This made national news.  We presume this photo was used in the newspaper to go along with the story of the missing, Jesse Livermore.

Original photographs of Livermore are next to impossible to find and this one is one we’ve never seen published. Incredibly rare!!!!



Item: 10997

Price: $595.00
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Jesse Livermore Original Associated Press Photo from 1933 Great Bear Of Wall Street