Reminiscences Of A Stock Operator.

Early printing of this Wall Street classic, with the main character based on Jesse Livermore. Octavo, original cloth. Association copy, inscribed by subject Jesse Livermore on the half-title page, "To my dear friend Henry I hope you not become bored with what you find inside Yours very Truly J.L. Livermore." The recipient, Henry Junior Taylor was an economist, author, radio broadcaster and former United States Ambassador to Switzerland He served as a foreign correspondent for the Scripps-Howard newspaper chain in the early years of World War II. After the war, Taylor hosted the General Motors-sponsored radio program Your Land and Mine, on which he was known for his conservative commentary. Taylor was a columnist for the United Feature Syndicate after serving as Ambassador. He authored several nonfiction books, including An American Speaks His Mind and It Must Be a Long War, and a novel, The Big Man. In very good condition, with Taylor's bookplate to the front pastedown. Jesse Livermore was a stock trader and  considered a pioneer of day trading and was the basis for the main character of Reminiscences of a Stock Operator. At one time, Livermore was one of the richest people in the world; however, at the time of his suicide, he had liabilities greater than his assets. In a time when accurate financial statements were rarely published, getting current stock quotes required a large operation, and market manipulation was rampant, Livermore used what is now known as technical analysis as the basis for his trades. His principles, including the effects of emotion on trading, continue to be studied. Some of Livermore's trades, such as taking short positions before the 1906 San Francisco earthquake and just before the Wall Street Crash of 1929, are legendary within investing circles. Some observers have regarded Livermore as the greatest trader who ever lived, but others have regarded his legacy as a cautionary tale about the risks of leverage to seek large gains rather than a strategy focused on smaller yet more consistent returns. We have never seen another example signed by the legendary investor and subject of this classic work. Exceptionally rare and desirable.