30 Stanley Druckenmiller Quotes on Success (INVESTING)

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

My philosophy is that to be the best investor you can be, you have to possess an insatiable desire to learn and an unshakeable belief in your own capabilities. — My **philosophy** is that to be the best investor you can be, you have to possess an insatiable desire to learn and an unshakeable belief in your own capabilities.

The stock market is filled with individuals who know the price of everything but the value of nothing.

I believe the best way to manage risk is to be bullish when you have a compelling riskreward and bearish when you don’t. — I **believe** the best way to manage **risk** is to be bullish when you have a compelling risk/reward and bearish when you don’t.

The key to money management. It’s making a lot of money when you’re right and minimizing it when you’re wrong. — The key to **money** management. It’s making a lot of money when you’re right and minimizing it when you’re wrong.

There are times to make money. There are times not to lose money. And if you don’t know the difference, you’re going to get killed. — There are times to make **money**. There are times not to lose money. And if you don’t know the difference, you’re going to get killed.

“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

I never try to make money in the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. — I never try to make **money** in the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

I don't think it's a good idea to apply conventional wisdom to the markets. Conventional wisdom in the financial markets exists to be tested and found lacking. — I don’t think it’s a good idea to apply conventional **wisdom** to the markets. Conventional wisdom in the financial markets exists to be tested and found lacking.

Once you make a lot of money, it's incredibly enjoyable to give it away. It's a way to satisfy the soul. — Once you make a lot of **money**, it’s incredibly enjoyable to **give** it away. It’s a way to satisfy the soul.

I like putting all my eggs in one basket and then watching the basket very carefully.

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

Bitcoin is like anything else it's worth what people are willing to pay for it. — **Bitcoin** is like anything else: it’s worth what people are willing to pay for it.

“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 don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it. — I don’t really like hedging. To me, if something needs to be hedged, you shouldn’t have a position in it.

If you diversify, you’re saying, 'I don’t know what I’m doing.' — If you diversify, you’re saying, ‘I don’t know what I’m doing.’

“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

I've always loved to play games, and face it investing is one big game. You need to be decisive, open-minded, flexible and competitive. — I’ve always loved to play games, and face it: investing is one big game. You need to be decisive, open-minded, flexible and competitive.

I’m only rich because I know when I’m wrong. — I’m only **rich** because I know when I’m wrong.

“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

Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts. — Every serious deflation I’ve looked at is preceded by an asset bubble, and then it bursts.

Everyone sort of lives with their rulers in the past and doesn’t look at coming changes.

You can be far more aggressive when you’re making good profits.

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