Age, Biography and Wiki
Nicolas Darvas was born on 1920. Discover Nicolas Darvas's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 57 years old?
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57 years old |
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1920 |
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1920 |
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| Date of death |
1977 |
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We recommend you to check the complete list of Famous People born on 1920.
He is a member of famous with the age 57 years old group.
Nicolas Darvas Height, Weight & Measurements
At 57 years old, Nicolas Darvas height not available right now. We will update Nicolas Darvas's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Nicolas Darvas Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Nicolas Darvas worth at the age of 57 years old? Nicolas Darvas’s income source is mostly from being a successful . He is from . We have estimated Nicolas Darvas's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
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Not Available |
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Not Available |
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Nicolas Darvas Social Network
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Timeline
Nicolas Darvas (1920–1977) was a dancer, self-taught investor, and author. He is best known for his book, "How I Made $2,000,000 in the Stock Market."
The two books which he read almost every week were The Battle for Investment Survival, by Gerald M. Loeb, published in 1935, and Tape Reading and Market Tactics, by Humphrey Bancroft Neill, published in 1931.
Hungarian by birth, Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviet Union took over, he fled in June 1943 at the age of 23 with a forged exit visa and fifty pounds sterling to Istanbul, Turkey. Sometime later, he met up with his half-sister Julia. who became his partner in a dancing team in Europe and the United States.
In April 1953 the two appeared with Judy Garland and Bob Hope. By 1956, they were touring.
Darvas invested in a couple of stocks for which the share price had risen. The stocks continued to rise and he subsequently sold them at a profit. He subsequently came up with an approach and plan for trading stocks from which he received $2,450,000.00 in 18 months, during the 1957–58 bull market, seven years since his first trade.
From the week ending December 16, 1957, through the week ending July 27, 1959, the S&P 500 rose over 53%. Market moves of that size have only happened seven times since 1950, according to Yahoo Finance weekly S&P 500 prices.
In a follow up, dated January 13, 1961, Time reported that the probe was blocked by the court, which ruled that the investigation by Attorney General Louis J. Lefkowitz was an "unwarranted invasion of the free press". Time also reported that state investigators admitted that they had not been able to track down all of the dancer's brokerage accounts.
Darvas claimed to have never sold short. He said in 1977, "I have never done it myself because psychologically I am not cut out for short selling. But I think markets have now changed their character so much that all experienced investors should seriously consider it. It is not for the proverbial widows and orphans, though."
