famous investors who died broke-part 3

famous investors who died broke-part 3

fiction
edward w pritchard

Jessie Livermore, the boy genius stock investors suicide note, written in 1940 read in part:

" Things have been bad with me. I am tired of fighting. Can’t carry on any longer. This is the only way out.

Jessie Livermore - Dead at 63, broke he thought, although the one time farm boy who ran away at 15 to escape the poverty and drudgery of farm life, had 100 million dollars in 1929 and successfully called the October crash.

Livermore worked hard as a fifteen year old run away and taught himself stock speculation and was known as the boy plunger. Several times he made and lost a fortune, divorced his first wife, maybe in part because she wouldn't pawn the jewels he had bought her to stake him after a run of bad luck. He made and lost several fortunes in his 63 years, being worth close to one half billion dollars[ current dollars] in 1929 he filed bankruptcy in 1934. Other than the bankruptcy, Livermore was perhaps, the most successful speculator of all times. Dead at age 63, although he thought he was broke, at least by his standards, he left an estate of five million, money that he had set up earlier in untouchable trusts. However the mansions around the world, limousines and yachts were long gone.