“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.”
How I Made $2,000,000 in the Stock Market by Nicolas DarvasHow I Made $2,000,000 in the Stock Market by Nicolas Darvas
This is a fan of yours from India! I have been following you since some time and find your interactions quite interesting. I heard you mention Bill Eckhardt speech that he made [years back]…which you found interesting. Could you send me the link for it if possible? Thanks a lot.
Only an audio file that I have locally. Thanks for nice words!
Episode 358 The China Trip with Michael Covel on Trend Following Radio
Please enjoy my monologue The China Trip with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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CNBC: One of the U.K.’s most successful hedge fund managers [David Harding in pic] has spoken of the benefits of using the “emotionless systematic approach”.
