41. Broke to Billionaire; the Jesse Livermore Story
41. Broke to Billionaire; the Jesse Livermore Story
- 165. Unlocking Tax Savings: The Spousal Loan Strategy for Canadian Couples
- 264. What You Should Consider for End-of-Life Planning - Greg Barnsdale, CEA, CFP, LFD
- 363. What's Really Going on with AI? (Key Things to Know Now)
- 462. How Aaron Letzeiser raised $39M for his insurance startup (Obie Insurance)
- 561. What does it take to become successful? Mark Murphy (CEO of Northeast Sequoia)
- 660. When will AI replace humans? Convo w/ Jake Buerke (founder of chtrbx.AI)
- 759. What secrets do 40+ yrs of investing teach you? Conversation with Ted Oakley, CFA, CFP
- 858. Are we headed for a crash? Conversation with Sam Burns, CFA, MBA
- 957. Meme stocks, arbitrage and where to look for investing opportunities - Interview with Michael Robbins, CFA
- 1056. Why Warren Buffett is not a fan of credit cards
- 1155. How Jim Simons Beat Warren Buffett
- 1254. How Howard Schultz Built a Starbucks Empire
- 1353. How Kirk Kerkorian went from Broke to Billionaire
- 1452. How Mike Cessario Made $700 Million With Canned Water (Liquid Death)
- 1551. From Failed Web Business to $3 Million per year - The Pieter Levels (levelsio) Story
- 1650. The Wealthiest Person in History: The John D. Rockefeller Story
- 1749. From War Vet to Billionaire; The Bob Parsons Story (GoDaddy)
- 1848. How Ben Francis (Gymshark) went from $0 to Billionaire by age 30
- 1947. Homeless to Billionaire; the John Paul DeJoria story
- 2046. How Ray Kroc Made Billions by Franchising McDonald's From The Ground Up
- 2145. How Barbara Corcoran (Shark Tank) Overcame Dyslexia and Became the Queen of NY Real Estate
- 2244. How Sara Blakely (Spanx) turned $5,000 into $1.3 Billion
- 2342. How Naval Ravikant Used the 4 types of Leverage to Earn Millions
- 2441. Broke to Billionaire; the Jesse Livermore Story
- 2540. How Porsche Made Hedge Funds Lose €20 billion in the VW Short Squeeze
- 2639. Why Warren Buffett Has Lived in the Same House Since 1958 and How Frugality Is the Secret Sauce for Building Wealth
- 2738. Here’s How MJ DeMarco Achieved Financial Freedom In His 30s
- 2837. How Howard Marks Invested During the Global Financial Crisis and his Key Investing Lessons
- 2936. How Ed Thorp Went From Beating Casinos at Roulette to Beating Wall Street at Investing
- 3035. How Carl Icahn Made $2 Billion from Apple Using Share Buybacks as a Catalyst
- 3134. How Peer Pressure Made Stan Druckenmiller Lose $3 Billion
- 3233. How Blair Hull Beat the Casinos at Blackjack and Later Started His Own $500 million Trading Firm
- 3332. How Linda Raschke got into Finance at a Time When Investing Was Dominated by Men
- 3431. Why Investing With Leverage is so Risky - The Epic Rise and Fall of Bill Hwang and Archegos Capital
- 3530. Is Your Environment Costing You Returns? Lessons From Guy Spier (Aquamarine Capital)
- 3629. A Simple Guide to Arnold Schwarzenegger’s Top Investment Lessons - Real Estate, Movie Deals and Owning a Boeing 747
- 3728. What Would Buffett Do If He Started Investing Today? A Simple Guide to Advantages of Small/Retail Investors
- 3827. Here’s How Mohnish Pabrai Picks What Companies to Invest in & His Investment Checklist
- 3926. Are You a Good Investor, or Just Lucky? Luck vs Skill in Investing and Lessons From Michael Mauboussin
- 4025. Are These Investing Blind Spots Costing You Returns? Takeaways From “Predictably Irrational” by Dan Ariely (Endowment Effect, Arbitrary Coherence)
- 4124. Here’s The Best Money Advice Warren Buffett Has Ever Received - Key Takeaways From The Intelligent Investor
- 4223. How Masayoshi Son (Masa) Became One of the Biggest Tech Investors in the World & his Incredible Return on Alibaba
- 4322. How Jim Simons & The Medallion Fund Conquered Wall Street Through the Best Investment Performance in History
- 4421. Here’s What Happens When Short Selling Goes Wrong - The Epic Battle Between David Einhorn & Allied Capital
- 4520. How George Soros Broke the Bank of England and Why Currency Trading is so Hard
- 4619. What You Can Learn From Warren Buffett’s Biggest Investment Mistake - The Infamous Dexter Shoe Purchase
- 4718. A Simple Guide to Mohnish Pabrai’s Investment in Frontline & How He Made a 55%+ Return in a Few Months
- 4817. A Guide to the Nifty Fifty Stocks & Lessons From Their Boom and Bust
- 4916. Why Scale Economics Shared is a “Business Model on Steroids” & The Costco Story
- 5015. How Bill Benter Made Over a Billion Dollars from Horse Races and Investment Lessons From His Success
- 5114. A Quick Guide to Finding +10,000% Stocks - Top Takeaways from Chris Mayer's Book
- 5213. Market Timing Doesn’t Work - Here’s How to Avoid this Rookie Mistake
- 5312. A Guide to Inflation & Warren Buffett's Thoughts on Investing During Inflation
- 5411. Warren Buffett vs Ray Dalio - Who's Right About Bitcoin?
- 5510. LTCM Had the Brightest PhDs, Then it Went Bust - Why Successful Investing With Leverage Is So Hard
- 569. How Investors Like Warren Buffett Use Market Inefficiency To Make Great Returns
- 578. Why Warren Buffett Invests in Companies With Moats & Lessons From His Purchase of See's Candies
- 587. Lessons From Warren Buffett Buying American Express
- 596. Howard Marks' Advice on Why You Should Use Second Level Thinking
- 605. How Charlie Munger Avoids Investment Traps
- 614. How John Malone Made Investors Over 30% Each Year for 25 Years
- 623. How Bill Ackman made $2.6 billion in less than a month & the power of asymmetric investments
- 632. Inside the mind of Michael Burry
- 641. The difference between investing and speculating
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:
Podcast website:
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.