New Livermore biography released
Marks anniversary of 1907, 1929, 1987 and 2008 market crashes
A new biography of Jesse Livermore, the world’s greatest share trader, is released today to mark the anniversary of 1907, 1929, 1987 and 2008 stock market crashes that all occurred in October in those four years.
The biography entitled Jesse Livermore- Boy Plunger is the first cradle to grave comprehensive biography of the great share trader who committed suicide in 1940. He holds the distinction as the man who made $100 million in a week and then lost it all almost as quickly.
Comprising of 42 chapters the story starts at the end of the American Civil War and goes right up to the outbreak of World War II, the most exciting period in American history when fortunes were won and lost on Wall Street as a matter of routine Livermore himself made and lost three great fortunes in his 63 years on earth.
His greatest achievement was selling $450 million of shares short in a few weeks in October and cashing out less than a week later $100 million richer. October 1929 was marked by three Black days, Black Thursday 24th, Black Monday 28th and Black Tuesday 29th when hundreds of thousands of people were ruined.
Livermore returned home to his wife on the evening of the 29th to find his family distraught as they believed he like everyone else was ruined. Instead he told them that far from being ruined he was now one of the richest men in the world with a $100 million fortune, adjusted for inflation this is the most money ever made by any individual in a period of seven days. This is the story of that man.
AUTHOR: Tom Rubython - His previous biographies include Life of Senna -Ayrton Senna (sales to date 120,000) Shunt – James Hunt (sales to date 36,000) And God Created Burton – Richard Burton (sales to date 12,000). Rubython has been a journalist all his life in the world of magazines and newspapers graduating to biography writing ten years ago. He is the former editor of BusinessAge, EuroBusiness, Spectator Business, BusinessF1 and F1 Magazine.
FOREWORD: Paul Tudor Jones – Who made his first fortune shorting shares in the October 1987 crash using the methods of Jesse Livermore and is 345th richest man in the world according to Forbes magazine who put his net worth at $5 billion. Much of his wealth supports the Robin Hood Foundation he founded The Foundation is unique in that 100% of donations are spent directly on good causes. Fortune magazine calls it: “One of the most innovative and influential philanthropic organisations of our time.”
Hardback £19.50 400 pages 32 pages photographs - Publication date: Thursday 23rd October 2014
Boy Plunger Jesse Livermore: The Man Who Sold America Short in 1929
ISBN: 978-0957060579
Available from Waterstones, Amazon and all good bookshops
