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How did a world-famous dancer with no knowledge of the stock market, or of finance in general, make 2 million dollars in the stock market in 18 months starting with only $10,000? Darvas is legendary, and with good reason. Find out why.
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Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying. Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made $2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day. --This text refers to an alternate Paperback edition.
Long on story, short on applicable data. More of a how to make money selling books book.Published 11 days ago by Red Bear
Wow, really good read. Enjoyed it as a biography, but key takeaway for me was to have a strategy, build in protections, and keep a disciplined head by any means necessary.Published 15 days ago by stacy_cc
Not only is it old, this book has way too much personal stories and useless info to really focus on the trading principles that allowed Darvas to grow his capital to $2 mil. Read morePublished 18 days ago by Robert Kirk
Good book to help get started it is easy to understand for people not into the market. So have funPublished 1 month ago by richard glynn
A timeless classic stressing the wisdom of patience and the sagacity of choosing winners after consolidation.Published 1 month ago by Angarai Vadhyar
An excellent book that will increase your Stock Market education. I loved it!Published 1 month ago by Amazon Customer
The author was quite lucky because he ended up making money in the stock market. It is probably true that people who know nothing about trading stocks make more money than those... Read morePublished 1 month ago by Nish