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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 50 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.

©2019 Nicolas Darvas (P)2019 Nicolas Darvas

What listeners say about How I Made $2,000,000 in the Stock Market

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Simple and to the Point

I thoroughly enjoyed this book. The author tells his story of how he made his fortune trading stocks. After a very rocky start he eventually devises his own relatively simple method for trading which he calls his "Box System". The one slight criticism I would have is that listening in audio format sometimes the lists of stock prices are a bit hard to follow and would likely be better displayed in a visual format.

1 person found this helpful

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    3 out of 5 stars

Not detailed enough

Too much information on type of trades but less detailed on the strategy employed to find trades and implements it. Ir simplified the whole process .

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INSPIRATIONAL

Highly recommended for the evolving minds. One of the best financial success stories to emulate 💯👏👏👏

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one of the best books I have read

very good book he talk about how he did it very knowledgeable book I learnt a lot from it

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  • Jacob Martincic
  • 26-11-19

Great story

Another inspiring stock market story! I think the best part about this book is that Darvas goes over many failures as he was trying to figure out how the market works, which is reality. Good stuff!

5 people found this helpful

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  • Santosh
  • 01-06-21

Great Book

The story is very motivational. Its more of an investor pshycology and how to approach investing in stock market. Not greate resource for trading stratagies.
Overall its a great book i enjoyed listening.

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  • Kevin w.
  • 02-10-20

Great

Very candid! A must read for anyone who is into stock market stories.
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  • Vee
  • 07-07-20

Poor job from the narrator, fluff book

Omg! Where are you flying to, Mr. Narrator? Reads too fast. Even after slowing the speed, it is still too fast. Also this book is just fluff. Waste of my credit. Nothing deep or useful to learn. Narrator also didn’t help to make it worthwhile. Bad bad bad!

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  • Editor, Contraband Press
  • 05-11-21

Long-winded and Old Fashioned but Interesting

More valuable as intertainment than advice. However, it does provide some good information for those who already have a good grasp of the fundamentals and need help moving up to a more advanced level. But if you need more detailed explanations of how to put these theories to work you will need to do more research.

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  • StLouis
  • 28-05-21

Great story!

Very good book. The author describes in detail how me made his millions. I felt that he was truly sincere especially when talks about the profits as well as the losses. I highly recommend it for finance minded individuals.

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  • Edward S.
  • 25-04-21

Great quick read, nice insight of a good strategy

Great quick read, nice insight of a good strategy and what it seems like an honest attempt to share a success story

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  • Scott
  • 22-01-21

A Must Read for Traders

Legendary book. If you are thinking about trading your own account, it is a must. Every experienced trader has already read it.

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  • greg99
  • 10-10-20

Good stock market strategy

This mirrors the IBD system before IBD was even a company. A must listen.