Jesse Now~ Livermore Lessons, not Ventura Ventures

March 9th, 2010 by Rich

JL left trusts and cash over $5 million for his family, worth over $75 million today.

He also left a suicide note in his pocket:

My dear Nina: Can’t help it. Things have been bad with me. I am tired of fighting. Can’t carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry, but this is the only way out for me. Love Laurie

Jesse Jr and Jesse III married and divorced several times.

Both committed suicide by natural gas in the month of February approaching the end of winter. Jesse Jr passed in 1976 and Jesse III passed in 2006.

Today they might be medicated for depression.

Who knows what kind of traders they might be on psych-meds?

We can certainly learn the lesson of Jesse Lauriston Livermore, that whenever he did not trust his instincts, respect his principles of patience with discipline or use his trading rules, including limiting losses and adding to profits, he lost, and lost big.

Regards*Rich

JubileeProsperity@gmail.com

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This entry was posted on Tuesday, March 9th, 2010 at 7:08 pm and is filed under Market Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Jesse Now~ Livermore Lessons, not Ventura Ventures”

  1. Vahram Says:
    March 11th, 2010 at 9:34 pm

    rich write a book, i’ll be the first one to buy it.

  2. Rich Says:
    March 16th, 2010 at 7:43 pm

    Thanks Vahram.
    Wrote Four:
    A.Mind, Money, Market 1981
    (Syllabus for Stanford Investment courses taught by Five years of Academic Senate Appointment)
    B.The Politics of Prosperity 1994
    (Plan for renewing Constitutional Government)
    C. The Gift 2008
    (Predicted the Panic and what to do to protect capital and income)
    D. The Tortuga eManual 2009
    (Bottom line lessons from over 50 years in the market, starting with pulling weeds for silver dollars)
    Spring Portfolio of TopTen Closely Held Dividend Discounts comes out this weekend.
    Big4 Asset Allocation Portfolio comes out every Weekend.
    Regards*Rich

 

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