Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

My deepest apologies i am a victim of a town legend, overtime it is obvious that this summer maine coast home of Livermore became a tall tale.
BUT as read as dig on this i now realize Jesse Livermore was in reality what i have charged, a wild drunken gambler of not a very nice nature and when looked at under the a bright light her most be viewed as one of the WORST TRADERS of all time.
That he lived off his one great moment.
That he made a totally lost the 100 million dollars(in today's dollars??? One billion???) in made in the 1929 crash is proof he was a blind addicted gambler not a trader.
Read this and see he wrote his book of sayings to make some money.
If one can call this the history of "the greatest trader" i will apologize for denigtating his legend.
This read like a man that is a addicted gambler.
His track record is a disaster and it his simply unfair that he being made into something he never was.
The overating of this man is as sadly gullible as my gullibility of listen to town stories.
<<The only problem with Martin's reminiscences of the Boy Wonder's genius was the omission of a crucial fact. Jesse had gone bankrupt at least three times before the 1929 crash. He put his last chips in during the early 1930s and was wiped out. He flitted around Wall Street for another ten years, trying to scare up another stake. Finally, near the wolf point, he tried to recoup by selling a book of his insights. When that failed too, he gave up, penned an eight-page suicide letter at the Sherry-Netherland Hotel, and blew his brains out in the hatcheck room in 1940. (HARDLY his house in Maine!!! I am guilty to the extreme of taking this town tale to heart)

I have always found it wise to take Wall Street adages, maxims, and advice with a grain of salt. The best way to taste plausible theories, like those of Loeb and Rogers regarding brokerage houses, is to quantify, test, and analyze them rigorously.>>
http://www.businessweek.com/chapter/nierdorf.htm
The irony that was written by Niederhoffer(my Nederhofffer) who then was wiped out.
To avoid misinformation i go to facts of Niederhoffer, i hope iHub can handle 1000 words. I WILL POST the Financial News RECENT story on Niederhoffer in my next post right now.