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24min chapter
Risk & Return - The Jesse Livermore Story
Patrick Boyle On Finance
The Financial Crisis and Livermore's Million Dollar Day
This chapter discusses the financial crisis in the US during a time when there was no lender of last resort. Livermore, who was short stocks, made a million dollars in a single day as the market fell. The chapter also covers how leading bankers, notably JP Morgan, stepped in to bail out the banking system.
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