It was in the issue of May 25, 1959, that Time Magazine devoted almost a full page in its Business Section to the extraordinary stock market story of a dancer - Nicolas Darvas.
Time told how Darvas, this complete non-professional, ...who ignores tips, financial stories and brokers' letters," was able to make himself a millionaire several times over through the investment methods he developed.
The Darvas article raised a lot of eyebrows among Wall Streeters who were shocked by Mr. Darvas disregard for many of the long-accepted, ordinary investment practices to which they were accustomed. But it also fired the interest and imagination of thousands of investors across the country who wished to imitate the Darvas success story.
First, Darvas is a showman. His dance act is one of the most exciting international acts in show-business history; Darvas and his sister Julia have starred in some 34 countries. Darvas is accustomed to being constantly in the spotlight of public attention. Therefore, he had no hesitation, as might many private individuals, in making public the details of the stock transactions that went into his making a fortune. Perhaps never before in history has any individual so fully exposed his financial dealings to the public eye.
Second, it turned out that Mr. Darvas is far more than a spectacular dancer. He is a highly literate individual with a solid background in economics and sociology gained at the University of Budapest. Darvas is also a former sportswriter, journalist and crossword-puzzle editor in his native country.
The investment methods that eventually made Mr. Darvas a millionaire were the result of hard-won experience, years of mistakes and learning from those mistakes. These specific, highly practical methods can serve as a useful guide to every individual investor.
We think that Mr. Darvas' techniques, especially his unique "Techno-Fundamentalist Theory," and many of his pithy stock-market maxims"I just jog along with the trend trailing my stop-loss insurance behind me." "There are no good or bad stocks, there are only rising and falling stocks." "I can become a diagnostician but I can never become a prophet."will become an accepted part of the pages of Wall Street history.
Mr. Darvas is still a dancer, because that is his profession; and he is still an investor, because he enjoys it and still makes money at it. Everything about him is unorthodox. He has no office, not even a desk for his financial dealings. Darvas works from his hotel room or the bar in the Georges V in Paris, the Dorchester in London or the Plaza Hotel in New York.
When he is in New York, his favorite city, he sits every evening at his usual table in the fashionable Oak Bar of the Plaza Hotel with a newspaper page, a telegram, and some figures on a half-sheet of paper. Darvas appears to be relaxing like the others around him - but actually he is studying stock prices and analyzing the market with the brilliant approach he has evolved over the past few years and which has brought him millions.
article is actually only a small snippet of Nicolas
Original Method Of Nicolas Darvas... The Young Dancer
Turned Investor Who, Within 18 Months, Turned $25,000
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