Bear Markets and Selling Short
He stated, "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.".
Darvas never sold short. As he states, "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.". He realized that his system could easily be adapted to short selling.
Read more about this topic: Nicolas Darvas
Famous quotes containing the words bear, markets, selling and/or short:
“I am willing, for a money consideration, to test this physical strength, this nervous force, and muscular power with which I’ve been gifted, to show that they will bear a certain strain. If I break down, if my brain gives way under want of sleep, my heart ceases to respond to the calls made on my circulatory system, or the surcharged veins of my extremities burst—if, in short, I fall helpless, or it may be, dead on the track, then I lose my money.”
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