How I Made $2,000,000 in the Stock Market

  • by Nicolas Darvas
  • Narrated by Jason McCoy
  • 3 hrs and 28 mins
  • Unabridged Audiobook

Publisher's Summary

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.

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Customer Reviews

Most Helpful

Classic investing wisdom that has aged well.

The title is clickbait 60 years before clickbait existed, and parts of the book are definitely period pieces, such as dealing with suspicious Japanese telegraphers who thought his stock symbols might be a sign of espionage. But if you can look past the cheese-ball title, and occasional anachronisms, there is a ton of great advice here.

The learning process he describes, his mistakes, his flawed reasoning and false assumptions will be instantly recognizable to most of us who have tried our hands at being our own fund managers. The solutions he gradually and painfully comes up with for those problems remain relevant, despite a hugely different investing world, because they are based on the human psychology that drives people to make the same mistakes in the 21st century as they made in the 1950s.

I do wish he hadn't put quite so many long lists of trades in however.

Narrator does a good job.
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- Mr

Highly recommended investment classics

finish it in no time. great and fun read. Highly recommend anyone interested in trading!
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- William

Book Details

  • Release Date: 10-01-2013
  • Publisher: BN Publishing