Nicolas Darvas Quotes
Books by Nicolas Darvas
Best 21 Quotes by Nicolas Darvas
How I Made $2,000,000 In The Stock Market Quotes
“Accept everything for what it is, not what you want it to be.”
“All a company report and balance sheet can tell you is the past and the present. They cannot tell future.”
“Buy high and sell higher.”
“First check whether the market as a whole is rising or falling. In other words, are you in a bull market or a bear market? If the latter, stay out. The odds are against you.”
“I also learned to stay out of bear markets unless my individual stocks remain in their boxes or advance.”
“I became over-confident, and that is the most dangerous state of mind anyone can develop in the stock market.”
“I believe in analysis and not forecasting.”
“I bought with bold confidence when I thought I was right and coldly, without hurt ego, I took my limited losses when I thought I was proven wrong.”
“I decided never again to risk more money than I could afford to lose without ruining myself.”
“I decided to let my stop-loss decide.”
“I did not know it but I was already coming up against one of the great pitfalls of the small operator — the almost insoluble problem of when to enter the market.”
“I keep out in a bear market and leave such exceptional stocks to those who don’t mind risking their money against the market trend.”
“I knew now that I had to keep rigidly to the system I had carved out for myself.”
“I listened eagerly to what they had to say and religiously followed their tips. Whatever I was told to buy, I bought. It took me a long time to discover that this is one method that never works.”
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“I made up my mind to buy high and sell higher.”
“I was successful in taking larger profits than losses in proportion to the amounts invested.”
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“The greatest speculation of all time would be to buy a politician at his intrinsic value and sell at his self-perceived value.”
“Like human beings, stocks behave differently. Some of them are calm, slow, conservative. Others are jumpy, nervous, tense. Some of them I found easy to predict. They were consistent in their moves, logical in their behavior. They were like dependable friends.”
“My only sound reason for buying a stock is that it is rising in price. If that is happening, no other reason is required. If that is not happening, no other reason is worth considering.”
“The truth was that as my pocket had strengthened, my head had weakened.”
“There are no good or bad stocks, there are only rising and falling stocks.”
“There is no reason to sell a rising stock.”
