There is no lesson as clear as the actual words of a great stock trader as he talks to himself about the rationale of his decision making process while trading the markets. Mr. Livermore is a success because he follows the discipline of his system; waiting for the trend of the general market to show itself, then making the target stock prove that the time to buy has arrived. Mr. L teaches short term trading (weeks or months) and stays away from long term investing. I’ve read the book 15-20 times and follow his fundamentals.