The trading strategies of legends Jesse Livermore, Bernard Baruch, Gerald Loeb, and more provide ways to triumph in the market Today's bookshelves are so laden with Johnny-come-lately experts, eager to sell their knowledge to any and all, that it's sometimes hard for traders to know which way to turn or whom to trust. Lessons from the Greatest Stock Traders of All Time makes the choice simple, examining the careers of five traders--Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, and Bill O'Neil--who, more than any others over the past century, demonstrated tremendous success at conquering Wall Street. This technique-filled book presents numerous ways in which the timeless strategies of these investing icons can be used to tame today's high-speed, unforgiving marketplaces. Comparing and contrasting the successes--and occasional failures--of these five giants of finance, it
I have read all the individual books that Boik covers here except for Baruch's. Though it is an easy read and you do get a sense that these guys studied what worked and what did not work for their most vocal predecessors, I found Boik's book to be repetitive and overly fawning.
The bottom line: Just read the individual books by Livermore (a great read, even for those uninterested in the markets), Loeb, Darvas, and O'Neill and you will take a lot more away than you will from reading this.
Sách d� đọc, giới thiệu sơ lươc v� câc phương pháp của các traders xịn Livermore,Baruch, Davas, Loeb, và William O'neil, có nhiều bài học hay rất thích hợp cho người mới, trước khi tìm hiểu chi tiết các phương pháp của các trader trên
"There is nothing new under the sun, it has all been done before." - Sherlock Holmes
The journey of understanding stock speculation can be likened to a Zen saying: "At the beginning, mountains are mountains and waters are waters; then, mountains are no longer mountains and waters are no longer waters; finally, mountains are once again mountains and waters once again waters."
In the beginning, as novices, we observe stock movements without deeper thought, perhaps making or losing money due to talent or luck. This is the first stage, where we see the surface of things. As we delve deeper, studying patterns and setups, we spend long hours searching for the holy grail, trying to decode the foggy world of stock movements. This represents the second stage, filled with trials, errors, and reflection.
Finally, after much practice, we become experts. What was once a conscious effort becomes automatic, like breathing or walking. We return to seeing stock movements simply as they are—up and down—without the need for intense thought or effort. This is the third stage, where we find simplicity again.
This book offers short summaries that might seem familiar. Don't expect a magic formula or a secret to instant success, as you won't find it here or in any book. There is no secret. If you view the stock market as a newbie does, seeking quick profits and an easy path to success, you have already lost your way.
The key lesson from this book is that all successful stock market experts have devoted themselves endlessly to this path, driven by a deep fascination. You already know the answer: after studying hard and learning a lot, what's left is time—continued, relentless practice until perfection is achieved. The angel always existed within the marble; it's a matter of chiseling away the excess.
Mastery is what separates a student scoring 80-89/100 from one scoring 100/100. Every point above 89 requires double the effort, refining away every error. Mastery makes the once-hard seem effortless. Are you prepared for a lifetime of perfecting the art of speculation? Ready to compete against thousands who work as hard or harder than you, some much smarter? Your edge lies in years of dedication. Speculation isn't for the faint of heart; it's a lifelong commitment to pursuing the limitless and perfecting an art. Like scientists, we are observers of the highest level, noting repeated patterns in an unfolding game.
Wealth of knowledge for the individual investor. Amazing the uniformity of strategies transcending time, industry advancements and availability of data.
Pretty good summary of several famous traders' trading styles. No one-shot technical secrets or anything guaranteed to make you rich; this just explains the mental & emotional qualities that made history's best stock traders, all the way from the early 1900's to present. Great inspiration if you're an aspiring stock trader.