The trader who made $100mn from the 1929 crash — only to lose it all

Deskripsi

Jesse Livermore was a legendary trader who made and lost several fortunes in the early 20th century, most famously by shorting the Wall Street crash of 1929. His early life was immortalised in the roman à clef Reminiscences of a Stock Operator by Edwin Lefèvre, and his trading insights and stunning successes continue to inspire professional traders and would-be traders to this day. But his life also contains cautionary tales about the ease with which success can morph into failure, and what happens when the buzz of the markets is no longer enough. Host Robin Wigglesworth and the FT's US financial commentator Robert Armstrong explore the extraordinary life of the greatest day trader in history.Content note: This episode includes discussion of suicide and mental health.Further reading:Reminiscences of a Stock Operator (1923), Edwin Lefèvre1929: Inside the Greatest Crash in Wall Street History and How It Shattered a Nation (2025), Andrew Ross Sorkin Credits: Getty Images, The New York Times To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here: https://www.youtube.com/@FTTheStoryOfMoney Learn more at www.ft.com/tsom or get in touch at thestoryofmoney@ft.com.Hosts: Gillian Tett and Robin WigglesworthProducer: Lulu SmythSenior Producer: Michela Tindera Executive Producer: Manuela SaragosaOriginal music and sound design: Breen TurnerBroadcast engineers: Bianca Wakeman and Petros GiuompasisPodcast Development: Laura ClarkeFT Global Head of Audio: Flo Phillips Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.