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by Nicolas Darvas
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| List Price: | $7.93 |
| Amazon Price: | $7.93 & eligible for FREE Super Saver Shipping on orders over $25. |
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| Lowest New Price: | $4.59 |
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Product Description
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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Average Customer Review:
0 of 0 people found the following review helpful:
$2,000,000 and counting, 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.
0 of 0 people found the following review helpful:
 Think about it..., 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.
0 of 0 people found the following review helpful:
 excellent, 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.
1 of 1 people found the following review helpful:
Great first book to read if your interested in technical analysis, 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.
1 of 1 people found the following review helpful:
Very entertaining, but don't try this at home!, 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.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
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