The Dancer Who Made It Big In The Stock Market
Nicholas Darvas – that’s name of a great dancer who made it big in the stock market. And his story is one of the most-celebrated the American stock market has ever told.
Darvas, a Hungarian dancer, was given a significant stock in a mining company. Dancing is his passion. But his success in stock investing made him a passionate investor.
Darvas first attempt was 6000 shares valued at 50 cents a share. After a couple of months, the shares went up to $1.90 per share. That’s the reason why he became hooked on the stock market. He decided to know everything he could. As a fact, Darvas divulged he read about 200 books and anything else he could get hold of, and eventually made over $2,450,000 in just a matter of 18 months. Truly amazing!
“There is no such thing as “can’t” in the stock market. A stock can do anything!” Darvas noted. “I began to see Wall Street as it really was - a gambling house, peopled with dealers, croupiers, and touts on one side and winners and suckers on the other. I had been a winner and was determined to stay one.”
From a newbie in the industry, renowned names defy Darvas’ methodology. But this has only heightened his influence in the industry. Eventually, Darvas buy at bottom sell third and the rest of his contributions to the stock market became ultra famous. Even today, experts are studying Darvas’ techniques that brought him millions.
