Jesse Livermore: World's Greatest Stock Trader (2001) by Richard Smitten. Jesse Livermore, the famous stock operator, was having lunch with some famous friends like Walter Chrysler (Chrysler Corporation), Ed Kelley (United Fruit) and T. Coleman Du Pont (DuPont). They asked Livermore (whom they call J.L.) about a recent wheat trade of his.]
“I just felt the demand for wheat in America was underestimated and the price was going to rise. I waited for what I call my pivotal point and stepped in and bought five million bushels of wheat, about seven million dollars worth.