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The Janus Factor: Trend Follower's Guide to Market Dialectics by Gary Edwin Anderson

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Chapter 6

Why Jesse Went Broke

Alice started to her feet, for it flashed across her mind that she had never before seen a rabbit with either a waistcoat-pocket, or a watch to take out of it, and burning with curiosity, she ran across the field after it, and was just in time to see it pop down a large rabbit-hole under the hedge. In another moment down went Alice after it, never once considering how in the world she was to get out again.

—Lewis Carroll, Alice’s Adventures in Wonderland1

Jesse Livermore discovered his knack for numbers in school, but when he reached 14, his father declared that Jesse could read and write passably well. Another pair of hands was needed full-time to clear the family’s stone farm near South Acton, Massachusetts, and, ...

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