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Reminiscences of a Stock Operator: Modern Insights for Today’s Investors
Reminiscences of a Stock Operator is the classic portrait of speculation and market psychology—sharp, candid, and as relevant today as when it first appeared in 1923. It follows a legendary operator through booms, busts, and the hard lessons that shape true discipline.
This edition preserves the complete original text and adds a brief editor’s foreword plus a one-page “Operator’s Rules” summary—so readers can enjoy the story and leave with clear, practical principles.
Timeless cut losses fast, add only to strength, sit tight when you’re right, ignore tips, protect capital.
Psychology how fear, hope, and crowd behavior drive markets—and how rules keep you steady.
Clear idea vs. timing vs. risk, why averaging down is ego, and why patience pays.
clean, modern typesetting for an effortless read.
Perfect traders, investors, and students of markets who want a fast, enduring read that translates into better decisions.
Includes the full original text, a concise foreword, and a one-page “Operator’s Rules” sheet.
This edition preserves the complete original text and adds a brief editor’s foreword plus a one-page “Operator’s Rules” summary—so readers can enjoy the story and leave with clear, practical principles.
Timeless cut losses fast, add only to strength, sit tight when you’re right, ignore tips, protect capital.
Psychology how fear, hope, and crowd behavior drive markets—and how rules keep you steady.
Clear idea vs. timing vs. risk, why averaging down is ego, and why patience pays.
clean, modern typesetting for an effortless read.
Perfect traders, investors, and students of markets who want a fast, enduring read that translates into better decisions.
Includes the full original text, a concise foreword, and a one-page “Operator’s Rules” sheet.
332 pages, Kindle Edition
Published October 10, 2025
About the author
Edwin Lefèvre
47 books80 followersEdwin Lefèvre (1871–1943) was an American journalist, writer, and statesman most noted for his writings on Wall Street.
George Edwin Henry Lefèvre was born in Colón, Colombia (now Republic of Panama). His father had sent Edwin to the United States when he was a boy and he was educated at Lehigh University where he received training as a mining engineer. However, at the age of nineteen, he began his career as a journalist and eventually became a stockbroker, as well.
During the 1909–1913 presidency of William Howard Taft, Lefèvre served as ambassador to a number of countries including Italy, Spain, and France. Lefevre did work as a broker on Wall Street and was the financial writer for the New York Sun newspaper. He later returned to his home in Vermont where he resumed his literary work, providing short stories for magazines such as The Saturday Evening Post and writing novels.
George Edwin Henry Lefèvre was born in Colón, Colombia (now Republic of Panama). His father had sent Edwin to the United States when he was a boy and he was educated at Lehigh University where he received training as a mining engineer. However, at the age of nineteen, he began his career as a journalist and eventually became a stockbroker, as well.
During the 1909–1913 presidency of William Howard Taft, Lefèvre served as ambassador to a number of countries including Italy, Spain, and France. Lefevre did work as a broker on Wall Street and was the financial writer for the New York Sun newspaper. He later returned to his home in Vermont where he resumed his literary work, providing short stories for magazines such as The Saturday Evening Post and writing novels.
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