MILLIONAIRE BOY SPECULATOR

Dominion, Volume 10, Issue 3037, 26 March 1917, Page 4

MILLIONAIRE BOY SPECULATOR

Jesse Ij. Livermore, the "boy speculator," who obtained much notoriety in New York commercial circles, has just announced that he has financially rehabilitated himself. Hβ told how, after going ~broke iii the cotton market nine years ago, he has "come back," and amassed a fortune estimated by his friends to be at least Livermore says he is no longer the daring and dashing plunger who for years operated on the. plan of "make or break" on one deal. Hβ declares experience has taught him the fallacy of Etakiug everything on one turn of the wheel of fate. Livermore said:—"After I lost 2,000,000d0l in my last play .on cotton, I decided it would be wiser to stop 1 plunging and try along more conservative lines. I went into bankruptcy, not because I wanted to avoid paying my creditors, hut because I realised that ev.ery time I got 10,00Mol. •somebody would come along and get it, so that I would be unable to obtain a start. I have since paid off every dollar. I got my start in Bethlehem Steel shares, when they were selling around lOOdol. each. T purchased and sold Bethlehem Steel several times during the sharp rise, and made my hnal deal .around 400dol. a share, bubsequently I purohased other 'war:brides and took part in the rise of the cotton i and the grain merlceta. , '