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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."
This original 6.5 x 8.5 inch original International news photo shows Jesse Livermore with his then wife, the former Mrs. Harriet Metz Noble. (his third wife - an Omaha, Neb. brewer's daughter, Mrs. Harriet Metz Noble) and his son Paul at Newark Airport. She had been at home in Nebraska visiting her mother. Original paper caption on the back from 9-11-1937 pasted to photograph with original press stampings. This was part of the King Features Archive in New York City.
Original photographs of Livermore are next to impossible to find. This photo ran in various papers throughout the country as the Livermore’s were American socialites.
Crystal clear!!!
Item: 13647
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