"Reminiscences of a Stock Operator" is one of my favorite books about the stock market. It provides a view into the mind of one of the most prominent speculators of his time, Jesse Livermore. It is filled with timeless knowledge about the nature of Wall Street and the psychology of trading.
Check out this pdf document with comments by Paul Tudor Jones about the book.
Paul Tudor Jones:
"I think it’s no coincidence that our greatest champions,
our greatest artists, our greatest leaders, our greatest everything all
seem to have experienced some kind of gut-wrenching loss. I think
their greatness, in part, was fashioned on the crucible of that defeat.
There are two unpleasant experiences that every trader will
face in his lifetime at least once and most likely multiple times.
First, there will come a day after a devastatingly brutal and agonizing
stretch of losing trades that you’ll wonder if you will ever make a
winning trade again. And second, there will come a point when you
begin to ask yourself why it is you make money and if this is truly
"Learning to report and communicate in this fashion is far and away the
best training any businessman, investor, or trader can have. It’s a
vital yet surprisingly underestimated skill that really enhances one’s
ability to be able to frame, analyze, and solve problems in the most