An Interview With Nicoals Darvas 1975
Below is a MRR and PLR article in category Finance -> subcategory Other.
An Interview with Nicolas Darvas (1975)
Overview:
Explore the only existing interview with the legendary trader, Nicolas Darvas, offering insights into his life and investment philosophy.---
Interviewer: Hi Nic, it's such a pleasure to meet you in person. Thank you for agreeing to this interview. Please make yourself comfortable.
Nicolas Darvas: Thanks for having me. I'm always delighted to discuss stocks and the market.
Interviewer: I’m eager to dive into discussions about the stock market. I've been looking forward to this for years.
Nicolas Darvas: Absolutely, let’s get started.
Interviewer: After your phenomenal success in the late 1950s and the release of "How I Made $2 Million in the Stock Market," how did your life change?
Nicolas Darvas: Those years were incredible. I transformed $25,000 into a multimillion-dollar fortune in a relatively short time. The attention from Time Magazine in 1959 surprised me?"I didn’t expect such interest in a solo stock trader. My book was another milestone. It sold over 400,000 copies in the first year. While I became much wealthier than I had ever imagined, my life didn’t change profoundly. I continued dancing and investing, and my financial success allowed me to purchase properties worldwide. For all of it, I remain grateful. As a person, I stayed the same.
Interviewer: That’s wonderful to hear. You seem very genuine and down-to-earth. Do you think this attitude contributed to your stock market success?
Nicolas Darvas: It might have. I never got too upset about losses and wasn’t bothered by being out of the market for months. My system told me when to exit a winning stock, so I remained calm. Reflecting on it, I find it remarkable that I could turn $25,000 into over $2 million with such composure. After that success, I invested some of my profits in real estate. I believe it's important to see tangible results from one’s achievements. Investing became a rewarding game; when I adhered to the rules, I made money; breaking them meant losses. The challenge was sticking to the rules.
Interviewer: Do you still make mistakes in the stock market?
Nicolas Darvas: Of course. Cutting corners is tempting, even with a proven strategy. Occasionally, I stray from my rules and lose money, but it happens rarely now.
Interviewer: What's the most common question you get from traders when they learn you’re Nicolas Darvas?
Nicolas Darvas: The common questions? People often joke about asking for my autograph or money. In reality, though, they usually want to know more about my strategies and mindset.
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Rediscover the principles that shaped Darvas's remarkable journey in the stock market?"a tale of success, discipline, and unwavering consistency.
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