《股票作手回忆录》PREFACEbyWilliamO'Neil(4)

Foreword

This new edition of Reminiscences of a Stock Operator is a must-read classic for all investors,whether brand new or experienced. It is about the invaluable knowledge and experiences of Jesse Livermore, a market speculator who made and lost millions during the period from 1900through the 1930s. I had to pay $50.00 in 1960 to get my first copy of Reminiscences because it was out of print. I later gave a copy to Gerry Tsai,one of Fidelity"s top mutual fund managers at that time.Gerry then told me that Reminiscences was the investment bible of Edward Johnson Sr., his boss and the founder of the Boston-based Fidelity Funds.
Jesse Livermore was one of the best tape readers of his day.Here is just a taste of Livermore"s sage advice:

There is nothing new in Wall Street. Whatever happens in the stock market today has happened before and will happen again.”

"History repeats itself.”

“The big money is made by sitting, not thinking. Men who can both be right and sit tight are uncommon.”