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

  • By: Nicolas Darvas
  • Narrated by: Jason McCoy
  • Length: 3 hrs and 28 mins
  • Unabridged Audiobook
  • Release date: 10-01-13
  • Language: English
  • Publisher: BN Publishing
  • 4.5 out of 5 stars 4.4 (45 ratings)

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.
©2012 BN Publishing (P)2012 BN Publishing
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Customer Reviews

Most Helpful
4 out of 5 stars
By Arturs on 23-05-18

Good

Good book to listen to. Good techniques to learn for beginners and experienced traders. Recommended for everyone.

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4 out of 5 stars
By Franco on 30-04-18

Nice learning story but unnecessary price quotes

Nice learning story but unnecessary price, # of shares, profit quotations. As other reviews, it would have been enough by saying I made/lost a total of X amount. 30-40% of the book are figures quoting

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Customer Reviews

Most Helpful
3 out of 5 stars
By JT on 06-02-14

This is not 'UNABRIDGED'

What did you like best about How I Made $2,000,000 in the Stock Market? What did you like least?

The story and the reading of the story are fine. However, there are paragraphs omitted, even pages in some areas. This, at least to me anyway, is not what 'UNABRIDGED' means.

I found that some of the abridged paragraphs contained interesting insights from the author and not something that I would have skimmed over if I were actually reading the printed version.

If you're going to put the words 'UNABRIDGED' on an audiobook, don't remove anything.

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21 of 22 people found this review helpful

5 out of 5 stars
By Jack on 01-12-13

Great story of Success

I really enjoyed listening to Nicolas's story. A bit of luck launched his investing career. Repeated failures almost ended it. Determination, self examination, and lots of hard work led to eventual success and a repeatable method to consistently make money in stocks.

As I listened to the story, I could see elements of Reminiscences of a Stock Operator by Edwin Lefevre, Market Wizards by Jack Schwager, Rule #1 by Phil Town and How to Make Money in Stocks by William O’Neil. What Nicolas discovered was that to make money in stocks, he needed to 1) find the right company and put it on a watch list; 2) wait for the stock price to start moving up before buying in; 3) always protect the downside by placing a protective stop, 4) sell losers and keep winners; and 5) sell when the price stops going up.

Nicolas's “box” method is very close to the Turtle trading method. It can work spectacularly well, but it does require discipline. He made money as long as he remained disciplined. He lost money when he failed to be disciplined. Excellent story, great message, I highly recommend this listen.

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17 of 18 people found this review helpful

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