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#1
19th October 2005, 09:24 PM
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The end of Jesse livermore among others- Tumble to Humble
In 1923, nine of the world’s richest men met to discuss economy. They were among the richest men in the world. They were:-
Charles Schwab- President of the largest Steel company Sameul Insull- President of the largest electric utility company Howard Hopson- President, largest gas company Arthur Cutten- Greatest wheat speculator Richard whitney- President, New york stock exchange Albert Fall- Secretary of Interior in President Harding’s Cabinet. Jesse Livermore, the greatest “bear” on the Wall street Ivan Krueger, head of the world’s greatest monopoly. Leon Fraser, President of the Bank of international settlements. After 25 years in 1948, the situation was as follows:- Charles Schwab was bankrupt and lived the last few years on borrowed money. Samuel Insull died abroad as a penniless fugitive. Howard Hopson was insane. Arthur Cutten became insolvent and died abroad Richard Whitney had been imprisoned Albert Fall was pardoned from prison and died broke and penniless. Jesse Livermore had committed suicide. Ivar Krueger killed himself Leon Fraser committed suicide. One really wonders how so many men bottomed out after achieving a major top. If the stockmarket has not already humbled anybody- this trully will. I did not know that Jesse was a bear. I do know that he made a fortune four times to lose it. That's why I say " Jesse jaisa koi nahin" (famous TV serial 
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#2
19th October 2005, 09:58 PM
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Re: The end of Jesse livermore among others- Tumble to Humble
Excellent.Newton"s law explained in a humorous way.Well,the message should not be forgotten.
ranga
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#3
1st November 2005, 09:53 AM
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Re: The end of Jesse livermore among others- Tumble to Humble
Really afraid to trade.
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