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Review title: How (not) to invest
Product review: Jesse Livermore committed suicide on November 28, 1940 after incurring heavy losses in the market. This book is a fictionalized account of his life. It is undoubtably a classic, but readers tempted to follow his advice would do well to consider that he had repeatedly lost his entire fortune, regained it, only to lose it again not long afterwards. Not long before he died, he finished a book on his investment strategies. Unlike this book, it didn't sell very well back then, and it still doesn't sell well now. Readers should also keep in mind that the author of thisbook, a writer by the name of Lefevre, wasn't much of an investor himself (just a few isolated investments over his lifetime, according to the book's foreword.) Apparently, the author didn't have much faith in Livermore's methods.It's almost funny how often I've seen this book mentioned by other books on investing. For the most part, they neglected to mention how he died and why.
