Jesse Livermore was the best trader you’ve never heard of. Not only did he achieve billionaire status from his investments, but he also has a fascinating back story. His life played out like a movie, from humble beginnings growing up on a farm, to outsmarting mobsters at gambling parlors!

Jesse's trading skills took him from a shack in Massachusetts to a mansion in New York. And, his fierce ambition and work ethic fueled his rise to the pinnacle of financial success.

This guy’s ability to bounce back from adversity is truly inspiring. He lost and gained fortunes several times over in his career. The lessons we can take from him are timeless–and clearly, I'm not the only one who feels this way.

Hedge fund billionaire Paul Tudor Jones is a huge Jesse Livermore fan. Any new employees joining Paul’s hedge fund automatically receive a book that teaches Jesse’s methods. Why does Paul do this? It’s because some things don’t change. Greed and fear played a role in the markets a hundred years ago, and they’ll play a role a hundred years from now. Jesse’s story explores both emotions to full effect.

Check out this episode to learn more about Jesse’s incredible rags-to-riches story in the finance world.

Sources:

Jesse Livermore: World's Greatest Stock Trader

Jesse Livermore - Boy Plunger: The Man Who Sold America Short in 1929

Music:

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Wall Street Vision Investing Podcast

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Disclaimer:

This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.