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![wey_how12640 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1707559719215489024.png) Wey How [@wey_how12640](/creator/twitter/wey_how12640) on x 2923 followers
Created: 2025-07-20 05:23:44 UTC

This resonates well with what I just read from the book "Psychology of Money" by Morgan Housel.

Jesse Livermore was a well-known investor and Abraham Germansky was a multimillionaire who made a fortune during the roaring 1920s.

The stock market crash of 1929 sealed their fates. Jesse Livermore became one of the richest man in the world from shorting the market, while Abraham Germansky, was last seen tearing a strip of ticker tape into bits before disappearing.

But fast-forward four years and the stories end up nearly identical. Livermore made larger and larger bets, and went on to lose everything in the stock market. Broke and ashamed, Livermore eventually took his own life.

The timing was different, but Germansky and Livermore shared the realization that getting rich is one thing. Staying rich is quite another. 

Good investing or trading is about consistently not screwing up.


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