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Reminiscences of a Stock Operator

Reminiscences of a Stock Operator by Edwin Lefèvre

by Edwin Lefèvre

The most recommended of 6 investing books

A classic book on speculation and market behavior that people recommend for understanding how markets work and as essential reading for new traders.

A classic book on speculation and market behavior that people recommend for understanding how markets work and as essential reading for new traders.

7 people gave an opinion

recommend it
7
criticize it
0
approval share
100%
Each figure is one person. RecommendsCriticizes

Recommended in 3 of 13 months

  1. November 2025: not recommended
  2. December 2025: not recommended
  3. January 2026: recommended
  4. February 2026: not recommended
  5. March 2026: recommended
  6. April 2026: not recommended
  7. May 2026: not recommended
  8. June 2026: not recommended
  9. July 2026: not recommended
  10. August 2026: not recommended
  11. September 2026: recommended
  12. October 2026: not recommended
  13. November 2026: not recommended (month in progress)

Why it doesn’t carry the badge

  • 7 people recommend itNeeds 10 or more, not met.
  • Nobody criticizes itNeeds 2 to 1 or better, met.
  • Recommended in 3 of 13 monthsNeeds 4 or more, not met.

The same three rules apply to every product, and the badge can’t be bought. How the badge works

What people say about it

The reasons people give, with the number of comments that give each one. Open a reason to read what they said.

Why people recommend it

Each mark is one comment

  • Classic reading for new traders

    “required reading when youre a young buck starting out on a trading desk”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

    “Go read Reminiscences of a Stock Operator, or Market Wizards series, Extraordinary Popular Delusions and the Madness of Crowds, or any number of books about financial history”

    Comment from 17 Sep 2026 in “Neovim have a ~$800k Bitcoin donation sitting untouched since 2023”
  • Insight into how markets work

    “There's a lot of stuff in this book that makes sense of markets in ways that pretty much no other investing book I've ever read does.”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

    “it's important to understand this is not a book about a stock trader”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”
  • Considered among the best trading books

    “It's a good contender for the best trading book of all time.”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

    “required reading when youre a young buck starting out on a trading desk”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”
  • Lessons readers remember for years

    “My favorite part that stuck with me all those years”

    Comment from 3 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

    “There's a lot of stuff in this book that makes sense of markets in ways that pretty much no other investing book I've ever read does.”

    Comment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

Other investing books people recommend

The four most recommended other investing books, with the same counts for each, so you can compare like for like. The tick on each bar marks the 2 to 1 line the badge needs.

Reminiscences of a Stock Operator by Edwin Lefèvre compared with 4 alternatives
ProductRecommendCriticizeApprovalMonthsOwnedBadge
Reminiscences of a Stock Operatorby Edwin LefèvreThis page70100%3——
The Intelligent Investorby Benjamin Graham4180%3——
A Random Walk Down Wall Streetby Burton Malkiel30100%3——
Security Analysisby Benjamin Graham and David Dodd3175%1——
The Little Book of Common Sense Investingby John Bogle20100%3——
See all 6 investing books, ranked

What people said

6 of the 7 comments that mention it, newest first. Each links to the original comment.

“Go read Reminiscences of a Stock Operator, or Market Wizards series, Extraordinary Popular Delusions and the Madness of Crowds, or any number of books about financial history”

RecommendsComment from 17 Sep 2026 in “Neovim have a ~$800k Bitcoin donation sitting untouched since 2023”

“My favorite part that stuck with me all those years”

RecommendsComment from 3 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

“It's a good contender for the best trading book of all time.”

RecommendsComment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

“it's important to understand this is not a book about a stock trader”

MixedComment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

“required reading when youre a young buck starting out on a trading desk”

RecommendsComment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

“There's a lot of stuff in this book that makes sense of markets in ways that pretty much no other investing book I've ever read does.”

RecommendsComment from 1 Jan 2026 in “Reminiscences of a Stock Operator (1923)”

Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.