Title: Reminiscences of a Stock Operator

 

Author: Edwin Lefevre

 

_I_

 

I went to work when I was just out of grammar school. I got a job as

quotation-board boy in a stock-brokerage office. I was quick at figures. At

school I did three years of arithmetic in one. I was particularly good at mental

arithmetic. As quotation-board boy I posted the numbers on the big board in the

customers’ room. One of the customers usually sat by the ticker and called out

the prices. They couldn’t come too fast for me. I have always remembered

figures. No trouble at all.

 

There were plenty of other employes in that office. Of course I made friends

with the other fellows, but the work I did, if the market was active, kept me

too busy from ten A.M. to three P.M. to let me do much talking. I don’t care for

it, anyhow, during business hours.

 

But a busy market did not keep me from thinking about the work. Those quotations

did not represent prices of stocks to me, so many dollars per share. They were

numbers. Of course, they meant something. They were always changing. It was all

I had to be interested in--the changes. Why did they change? I didn’t know. I

didn’t care. I didn’t think about that. I simply saw that they changed. That was

all I had to think about five hours every day and two on Saturdays: that they