Tag: Jesse Livermore
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Gold Mining Shares is a Sound Strategy
Q: We have had a significant up move in the gold mining shares since the middle of January. I remember your suggesting that for portfolio investors, dollar cost averaging into the shares was a sound strategy. Have you changed your view now? A: No, it is a sound strategy still for anyone looking to acquire…
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Value of a Diamond in the Rough
Q: I’m having trouble understanding your statement that all value is subjective. I can clearly see how it applies to a diamond, but not to food. Food is necessary for life. Its value seems to be inherent or fundamental to the food itself. But you cannot eat a diamond. Its value is determined by passing…
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Great Bear of Wall Street – Jesse Livermore
Jesse Lauriston Livermore (1877 – 1940) was known as the “Great Bear of Wall Street”. He made and lost several fortunes in the stock market using a system he began to develop at age fourteen when he held an entry-level position at a brokerage in Boston. He analysed price and volume data and became expert…
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New Rules for Global Investing in 2007
Jesse Livermore, widely regarded as one of the greatest stock market operators of all-time, considered himself a humble student of the market until his last day in 1940. “I study the market, because it’s my business to trade. In the forty years which I have devoted to making speculation a successful business venture, I am…