1940年3月,李佛摩出版《股票作手傑西·李佛摩爾操盤術》(How to Trade in Stocks),但書賣得不好。這一年的11月他在飯店中自殺。
李佛摩的遺書寫給他的太太說到:
“Cant help it. Things have been bad with me. I am tired of fighting. Cant carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry, but this is the only way out for me.