How I Made $2,000,000 in the Stock Market, by Nicolas Darvas is “The amazing story of a world-famous dancer who trained himself to become one of the most successful investors in stock market history.
With “How I Made $2,000,000” you’re in for a detailed look at the rise of one of Wall Street’s most successful individual investors. The story of Nicolas Darvas is truly impressive. But it’s not unrealistic.
As you turn the pages of “How I Made $2,000,000 in the Stock Market” you can really feel the momentum accelerating. It moves fast. And you almost feel like it’s your money Darvas is writing about! And here’s the thing:
Since I just finished reading this book, I think you’ll find my book review honest, accurate and fresh. I’ve still got a great taste in my mouth. And I hope this book review will help you determine if “How I Made $2,000,000 in the Stock Market” is the right book for you.
So without further ado…
Here’s Why You Should Read: “How I Made $2,000,000 in the Stock Market”
How I Made $2,000,000 in the Stock Market explains the rise of Nicolas Darvas, a Hungarian born economist turned professional ballet dancer. At the age of 23 Darvas flees Hungary for fear of Nazis and Soviets. The coolest part is…
Nicolas Darvas happened upon the stock market by chance. I don’t want to tell you how it happens, but it’s purely an accident that gets Nicolas interested in the stock market. From there…
You follow along, page-by-page, as Darvas slowly discovers the world of stock trading. You’re a fly on the wall as he rises from his reliance on speculative tips, to meeting his Manhattan broker, to studying fundamentals and finally to his theory of “techno-fundamentalism.”
Darvas reads over 200 books to get himself acquainted with the market. He makes tons of mistakes. And in the process he refines a surprisingly simple methodology for selecting winning stocks.
And that leads me to my next point…
Here’s why I really liked reading “How I Made $2,000,000 in the Stock Market”:
How I Made $2,000,000 in the Stock Market is totally credible. And in the world of investment books that can be a rare quality. Unlike most of the other finance books that populate the best-sellers list, this book is a step by step walk through the experiences of a proven stock market winner.
And since Darvas’ experience isn’t one smooth ride to the top (not to spoil it, but he suffers some serious drawdowns along the way) – his story is more believable, more inspiring and more enjoyable for investors like you and me.
Now if you’re looking to read How I Made $2,000,000 in the Stock Market to learn something, let me show you…
Here’s What “How I Made $2,000,000 in the Stock Market” Teaches Best:
One of the coolest things about How I Made $2,000,000 in the Stock Market is that you get to follow along with Nicolas Darvas as he learns how to profit in the stock market using his own personal capital. For most investors, this is exactly where you are today, and exactly what you want to know!
Darvas tries a myriad approaches before settling on his “techno-fundamentalism.” And it’s very informative how you get to see the shortcomings of each of his different approaches. But the best lesson from How I Made $2,000,000 in the Stock Market is…
Darvas was most successful in the stock market during the time he is traveling the world as a professional dancer. And here’s the kicker:
Since this takes place in 1955, it’s obviously a pretty remarkable achievement! But Darvas is quick to admit that staying away from the buzz of Wall Street is the thing that makes him the most successful.
When he removes himself from the distractions of the street he is better able to maintain his conviction and stick to his guns. Darvas goes to show this approach pays. And I think the same lesson rings very true today.
Warning: Here’s What Isn’t Covered By: “How I Made $2,000,000 in the Stock Market”
Now as I just mentioned, “How I Made $2,000,000 in the Stock Market” does a lot of things well. But sometimes buying a book for the wrong reasons can be disappointing (especially if you figure it out two thirds of the way through!). So…
If you are looking for a complex and high-tech stock picking system… then, “How I Made $2,000,000 in the Stock Market” might not be for you. While Darvas’ book does a great job covering simple techniques he used to make money, it doesn’t have any specific indicators or high tech algorithms you can rely on to pick stocks for you.
Believe it or not, Nicolas Darvas main method of stock selection was to read Barron’s magazine to find stocks trading at new highs before doing more fundamental research. It’s this kind of simple and straightforward approach that made Darvas rich. So…
After reading this book review, do you think you can profit from How I Made $2,000,000 in the Stock Market?
“How I Made $2,000,000 in the Stock Market” – The Final Word…
Whether or not you decide to read How I Made $2,000,000 in the Stock Market, I can honestly tell you that I really enjoyed the book. It’s a very quick read that I finished in two days. There is something about these time-tested stock market lessons that’s really exciting and even more encouraging.
If you’re at all curious about if this book is for you, check out the Amazon Reviews of How I Made $2,000,000 in the Stock Market, and the additional details below…
“How I Made $2,000,000 in the Stock Market” Details and Video Book Review:
Author: Nicolas Darvas
Publisher: Martino Fine Books
Product Dimensions: 0.4 x 5.9 x 8.9 inches
Shipping Weight: 10.4 ounces
Other Books By Nicolas Darvas: