Untitled
Some sources on the net say that Darvas died in 1979. But in his last book "You can still make it in the market", you can read under "About the author" : "Before his death in 1977..."-- Preceding unsigned comment added by 213.119.23.67 (talk o contribs)
Check out the comments on elitetrader [1]: "Not too long after Darvas's book was published, a public inquiry was instigated by Louis Lefkowitz, then US Attorney General. The purpose of the inquiry was to ascertain the validity of the claims made by Darvas, given the influence the book was exerting over what could be a dangerously gullible public. The investigation strongly indicated that the overall claim of the book could be totally fictitious. There seemed to be considerable falsification by omission. While Darvas proudly wrote of the profitable trades he had made, the investigation revealed a number of loss-making trades made by Darvas which never appeared in the book. If the loss-making trades made by Darvas - which never appeared in the book - were deducted from the profit-making trades - which did appear in the book - it was difficult to see how Darvas had made 2 million dollars in the stock market ... if he had made anything at all! Furthermore, the 'box system' which he claimed to have discovered bore a strong resemblance to a system advocated by the king of all speculators, Jesse Livermore, in his one and only book, The Livermore Key. One of the reasons that Livermore took his own life was the fact that the methods outlined in his book were no longer feasible in the United States following the introduction of the Securities and Exchange Commission and the imposition of various restrictions on share dealings. By the time How I Made Two Million Dollars in the Stock Market was published, people had forgotten all about Jesse Livermore. Livermore had become the anti-hero of a bygone era along with the Crash of '29. After studying the findings of the Darvas investigation the Attorney General launched a criminal action against him, alleging that certain statements he had made were fraudulent. Darvas's legal advisers countered with an action against the Attorney General and the United States for defamation of character. Lefkowitz decided the public interest would not he served by embarking on a long, tedious and complicated trial that was likely to give Darvas even more attention than he had already received. He therefore decided to drop the criminal action on condition that Darvas withdrew his action, giving an undertaking never to transact any type of securities dealings in the United States, or to become in any way involved in the US securities industry. Darvas agreed. He then left the United States to become an exile in Europe. Whether or not Darvas actually made 2 million dollars in the stock market has yet to he proved. It is a matter of public record, however, that he made several million dollars from the sale of his book. But by the time I met him in 1976 in the Dorchester Hotel in London, there was every indication that most of the royalties had been whittled away. There had certainly been no profitable share dealing using the `box system'. At the time, Darvas had very little to say about the stock market. By this time he was trying to make a personal comeback with a new book he was writing. It was called How to Be Your Own Doctor. We met on several occasions after that. The man fascinated me. l really wanted to know what made him tick! I've known several successful stock market operators over the years, all of whom shared certain characteristics. Darvas was a showman and a promoter of the highest order. But the qualities which comprise the successful stock market operator were nowhere to he found in my assessment of his character. A few months after our initial meeting Nicholas Darvas checked out of the Dorchester Hotel without leaving a forwarding address. It was to he several years before I heard the name again. The last occasion his name came up was the result of a telephone call 1 had from a firm of lawyers. It seems I have acquired a reputation as a central information bureau for every stock market operator coming in and out of London. The lawyers wanted to know if I could held them find Darvas. They had a bankruptcy petition against him. It was long overdue for service!"-- Preceding unsigned comment added by Lucsecret (talk o contribs)
Maps Talk:Nicolas Darvas
Story above
I have deleted the paragraph in the entry referencing the story above, as it appears rather anecdotal and not supported by authoritative evidence. --Preceding unsigned comment added by 203.18.241.226 (talk) 06:46, 8 July 2008 (UTC)
The non-profit Darvas box plotter to visualize his theory
I've been using it for years and it's a great public service about Nicolas Darvas' famous method. The link is Darvas Box Plotter and visualizes exactly what Nicolas Darvas talked about.-- Preceding unsigned comment added by 69.230.210.143 (talk o contribs)
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Assessment comment
The comment(s) below were originally left at Talk:Nicolas Darvas/Comments, and are posted here for posterity. Following several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section.
Last edited at 04:11, 15 February 2008 (UTC). Substituted at 01:14, 30 April 2016 (UTC)
Source of the article : Wikipedia