How I Made $2,000,000 In The Stock Market
by Nicolas Darvas
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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 show more 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. show lessTags
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Member Reviews
This book is a classic. Too bad it is dated and replicates the trading methods of times before modern technology existed. Nevertheless there is still a lot to be learned from the authors methods. I reread this book every ten years or so looking to apply his methods to present day investing.
Fun to read, although I don't think this book describes a good strategy for trading.
Good fast paced book. It includes lessons on the psychology of trading and some on the importance of being strict with one self.
Dustjacket has subtitle: 'The amazing story of a world-famous dancer who trained himself to become one of the most successful investors in stock market history.'
NO OF PAGES: 291 SUB CAT I: History SUB CAT II: SUB CAT III: DESCRIPTION: A straighforward account of geographic history. Informative and well-written.NOTES: SUBTITLE: A social geography, second edition
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17 Works 305 Members
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- Members
- 247
- Popularity
- 131,593
- Reviews
- 5
- Rating
- (3.69)
- Languages
- English, German
- Media
- Paper, Audiobook, Ebook
- ISBNs
- 35
- ASINs
- 9
