Jesse Livermore Tenets

The attached text file is a couple of lists of tenets concerning speculation attributed to Jesse Livermore. Perhaps the greatest speculator, and one of the worst risk managers ever (looking at you LTCM, Barings, AIG, Bear Stearns etc...)

 

Thanks panzerman, excellent read.

 

Excuse my ignorance, but could you explain what you mean by this?

Thanks

 

He appears to be implying that those named were not good risk managers

 

What I like best about Livermore is his idea of testing the market with small positions then adding to them as it goes your way. Good stuff!

 

But you and I and all the fellas do this inadvertently with women - a kiss is merely shopping upstairs for downstairs merchandise.

 

Ha, that's one way to look at it!

 

That depends on whether you're snatching a kiss or kissing a snatch.

 

Passionate kiss like spider web soon lead to undoing of fly