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Finance
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1001 Ways To Save Grow Invest Your Money |
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Powerful fast-paced guide for all investors. |
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SMSF |
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The first dedicated publication for professionals advising on self managed superannuation funds, whether they are accountants, lawyers or advisers. The magazine aims to cover the realm of issues confronting the industry with news, features and regular con |
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Australian Property Investor |
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Planning to buy a home or investment property? Find out where's hot and where's not with Australia's monthly magazine for home buyers and property investors. Contents include hot suburbs, market commentary, median house price and rental statistics, tips, |
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Your Trading Edge |
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Your Trading Edge magazine is the definitive magazine in the Asia/Pacific region for traders in futures, options, forex, stocks & commodities. We are not a business journal or a 'tipster' magazine, but an educational tool for the professional trader/inves |
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Womens Money Magazine |
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Women's Money Magazine is Australia's only publication created specifically to empower women to better understand and manage their financial future. Each issue features topical and relevant articles under the following broad headings: family and relations |
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An Interview With Nicoals Darvas 1975
By: Mark Crisp
The only interview with Nicolas Darvas in the World
Hi Nic. It’s a pleasure to meet you in person. Thank you for agreeing to do this
interview. Welcome and please do feel comfortable.
Nic: Thanks for having me and it’s always my pleasure to discuss stocks and the
stock market.
Nic would you mind if we get right down to talking about the stock markets? I
can’t wait to pick your brains on this subject. In fact, I’ve been waiting for
many years to do this.
NIC: Sure..that’s what I am here for.
OK. After your amazing success in the late 1950’s and after publishing “How I
Made $2 Million In The Stock Market” how did life change for you?
NIC: It was an amazing period in my life. I went from $25,000 which was
everything I had at the time to a multi-millionaire in quite short length of
time. But I was amazed at the publicity I stirred up in Time Magazine in 1959. I
never knew there would be such a big interest in a solo stock trader. Then the
success of my book was another major accomplishment in my life. It sold over
400,000 copies in the first year you know. Sure I was much richer than I dreamed
I ever would be by 1960 but my life never changed. I carried on dancing and
investing. I was able to buy more properties throughout the world with my
financial success. For that I was grateful. As a person it never changed me one
bit.
Glad to hear it Nic. I got that impression. You seem a very sincere down to
earth guy. Do you think this attitude helped you succeed in the stock market?
NIC: Maybe it’s not for me to say. I never got too down about losses. It never
bothered me if I was out of the market for months at a time. And because my
system dictated when I got out of a winning stock I never got anxious or excited
about hose winners. Looking back, I suppose it was quite remarkable how I could
go from $25,000 to over $2 Million with such calmness. That’s me. After the
massive success in the late 1950’s I took a portion of my profits out of the
stock market and invested in property. I felt there would be no point of great
success if I didn’t see something tangible for it. After that I felt like I was
merely participating in a game. If I followed the rules I won money. When I
broke them I lost. My challenge was following the rules.
So you admit to still making mistakes in the stock market?
NIC: Of course I do. It’s very hard not to try and cut corners even when it’s
your own ultra money making method. Occasionally I get swayed. Break the rules.
Lose money. But it isn’t very often theses days.
What’s the biggest question you always get asked when traders find out you are
Nicolas Darvas?
That’s easy. Can I have your autograph and can you borrow me some money.
Ha,ha. Really?
Nic: No. Just kidding you. Hm.. the two most asked question I get? Let’s think.
They would probably be…..
About the Author:
Mark Crisp, The Stress Free Momentum Stock Trader - http://www.stressfreetrading.com
- (To read the rest of this interview with Nicolas Darvas please email me at:
stressfreetrader@tiscali.couk)
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