Product Description

Annotation: 2009 reprint of 1960 edition. 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 ploughed 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.

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Product Details

Publisher	Martino Fine Books
ISBN	1578988446
Format	Paperback
Author	Nicolas Darvas
EAN	9781578988440
Label	Martino Fine Books
Studio	Martino Fine Books
Number Of Pages	190
Title	How I Made $2,000,000 in the Stock Market
Publication Date	2009-10-23
Manufacturer	Martino Fine Books

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Customer Reviews

$2,000,000 and counting

Review by Stock & Shares Virgin, 2010-07-03

This might have been written years ago, but the insight is still helpful today. I know nothing about the stock market and this, whilst not going into many technical details, has given a broad outline and some very good advice on how to handle your emotions when buying & selling stocks & shares. A good basic read and worth looking at.

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Think about it...

Review by Jean-Marc M Salama, 2010-06-16

I just thought of something... Even if the theories described here were correct at the time, the mere fact that a number of people started to follow the approach would affect the stocks' behaviour and the theory would no longer be correct.

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excellent

Review by Joseph A. Underwood, 2010-05-24

He is a good writer, it was a fun book to read. I enjoyed it, and I was impressed how he managed with telegrams and a weekly paper.

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Great first book to read if your interested in technical analysis

Review by Allan Margate, 2010-02-17

I'm a part time trader who utilizes mainly technical analysis to trade momentum stocks in a 1 week to 2 month time frame. This was one of the first books that got me interested in using technical analysis. I have recommended this book for all my friends interested in trading.

This book is a good primer for anyone interested in learning more about technical analysis.This book is not going to give you great fundamentals or teach you about technical analysis but gives you a good story on how Darvas improved his trading and made a tremendous amount of money.

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Very entertaining, but don't try this at home!

Review by Jason Kirkfield, 2010-02-05

"Box theories" and techno-fundamentalism aside, this book is an enjoyable ride through the swinging 1950s and 60s. Even if Darvas was successful, one has to imagine luck played some role. (He admittedly lost plenty before hitting it big with just a few choice picks.) In any case, some variables have changed (trading regulations) and others were always going to be risky (using margin heavily). On the other hand, getting up-to-date stock information nowadays would be A LOT easier, though surely Investor's Business Daily would be favored over Barron's.

None of this minimizes the readability of the book. Following Darvas as he dances around the world, reading his cryptic telegrams voyeuristically, wondering if many of the companies in which he invested are even still in business, all makes for a great read. And there *are* nuggets of wisdom ("Whenever a trade was successful I praised myself; when I lost, I blamed it on the broker"). But there is also a lot of ego and plenty of grey area ("I could 'feel' my stocks...It was a marvelous, unexplainable instinct").

All in all, one of the most fun investing books I have seen. In terms of rating this book, I think it depends on your expectations:

Expect an entertaining biography (and a fast read, at that) and you will be pleased.
Expect the secret to unlocking millions of dollars in stock market profits and you will be disappointed.


NOTE: The current edition for sale here is a reprint, through Martino Fine Books, who I have never heard of. Maybe best to just pick up a used copy.

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