AMAZING! You post that link and the guy updates it on the same day that I go to see it? Wow! "Date: March 15, 2008 From: Kamil Schumann Dear Friend..."
It's about $30,000 in today's money ... maybe a little bit more, because I had to use 2007 as my ending year. Inflation Calculator
Gentlemen Darvas Book with good chance good wrotten novell , without error All together -Dancing, Hotel Four Seasons , World travel, Thiokol( rocket was popular in 60's) and great fortune on merger . Your respectfully
A weekly income of $3,500 (according to the Time Magazine article)! This was in the fifties, how much would that be in today's money? Use part comparsion in GDP in current dollar USA GDP i n1960 in current $ was 526.4 bil $ Today more as 13500 bil $ http://usa.usembassy.de/etexts/stab2006/income.pdf 3500$ in 1960 was equal to 13500 bil/526.4 *3500$ today .... http://www.gpoaccess.gov/eop/2007/B1.xls
The only interview ever with Nicolas Darvas - from 1974: http://www.scribd.com/doc/27060/An-Interview-With-Nicolas-Darvas-1975
Excellent despite poor-documented. Thanks a lot. Darvas is a refined mini-version of Livermore. Main points from that document to my understanding: - Emotion does drive prices, not logic. - Only a very simple basic math is required for stocks selection and for timing the entry/exit. Need to be adjusted from time to time according to the market environment.
Yes, and I think he explains his method in the interview better than in his books. But they are very good and funny to read.
More about Nicolas Darvas: http://www.uglychart.com/2007/04/11/nicolas-darvas-how-he-made-2000000-writing-a-book/