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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.

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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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  • 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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  • 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!

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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.

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  • Kevin w.
  • 02-10-20

Great

Very candid! A must read for anyone who is into stock market stories. Reviews must be 15 characters long.