In my opinion, it is superior to Murphy's guidebook (which I found to be very brief and vague). the writing is very academic, but the writers reference a lot of work by other authors. The sections on point-and-figure chart patterns is itself worth the price of the entire book.

I thought that the interviews with Ed Seykota and Paul Tudor Jones were especially enlightening. The interview with Dr. Van Thorp on trading psychology was also helpful. For options traders, the interview with Anthony Saliba (whose options books I'm reading) might be of interest.

Original text written by Jesse Livermore himself. I focused mostly on the original text by Livermore: I didn't really read the other parts of the book, which were written by a guy who doesn't seem to have a trading record to speak of.

Lots of people really hate this, but I love this book. The style is hard to read (Taleb said he intentionally made it impossible to speed-read), and not a little pedantic. But he gives a very good framework that I find useful for a trader. The other useful thing about the book is that he elucidates the human biases that pervade our thinking.

Brillant series of interviews. The one to look out for is with Jim Leitner (Falcon Management), who seems to have a really global macro view of the world.