Top 12 Most Famous Stanley Druckenmiller Quotes (BEST)
“I’ve learned many things from him [George Soros], but perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
Stanley Druckenmiller
“I’ve thought a lot of things when I’m managing money with great, great conviction, and a lot of times I’m wrong. And when you’re betting the ranch and the circumstances change, you have to change, and that’s how I’ve always managed money.”
Stanley Druckenmiller
12 Wise Stanley Druckenmiller Quotes on Success & Investing (WISDOM)
“Soros is the best loss taker I’ve ever seen. He doesn’t care whether he wins or loses on a trade. If a trade doesn’t work, he’s confident enough about his ability to win on other trades. There are a lot of shoes on the shelf; wear only the ones that fit. If you’re extremely confident, taking a loss doesn’t bother you.”
Stanley Druckenmiller
“The way to build superior long-term returns is through preservation of capital and home runs… When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.”
Stanley Druckenmiller
“I believe that good investors are successful not because of their IQ, but because they have an investing discipline. But, what is more disciplined than a machine? A well-researched machine can make many average investors redundant, leaving behind only the really good human investors with exceptional intuition and skill.”
Stanley Druckenmiller
“Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks, and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets.”
Stanley Druckenmiller
3 Stanley Druckenmiller Quotes on the Importance on Having a Mentor
“If you’re early on in your career and they give you a choice between a great mentor or higher pay, take the mentor every time. It’s not even close. And don’t even think about leaving that mentor until your learning curve peaks.”
Stanley Druckenmiller
3 Stanley Druckenmiller Quotes on Debt & Borrowing Money
(MUST READ) The Almanack of Stanley Druckenmiller: From Over 40 Years of Investing Wisdom with Quantum Fund and Duquesne Capital Management
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