Can Mathematicians Forecast Markets?

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Jesse Livermore (1877–1940) was known as the Great Bear of Wall Street, who was an American stock trader. He was famed for making and losing several multimillion-dollar fortunes and short selling during the stock market crashes in 1907 and 1929. Jesse had that Sixth Sense which is indescribable. Jesse’s book Reminiscences of a Stock Operator, by Edwin Lefèvre, reflects on many of those lessons of Jesse, but it is more of a financial memoir of Livermore. Lefèvre dedicated the book to Livermore, but it was not written by Jesse. Lefèvre was a writer and journalist who interviewed Livermore. Livermore himself wrote a less widely read book, “How to trade in stocks; the Livermore formula for combining time element and price”. It was published in 1940, the same year he committed suicide. On March 28, 1933, Jesse married 38-year-old Harriet Metz Noble in Illinois. It was Harriet’s fifth marriage; all four of her previous husbands had committed suicide.