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Stanley Druckenmiller Quotes
Stanley Druckenmiller Quotes
Stanley Druckenmiller
American
Businessman
Born:
Jun 14
,
1953
Good
Me
Money
People
Think
You
Related authors:
Bill Gates
Henry Ford
Jim Rohn
Les Brown
Peter Drucker
Stephen Covey
Steve Jobs
Warren Buffett
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
People
Focus
Looking
Market
Earnings
Markets
Federal
Federal Reserve
Overall
Most
Liquidity
Move
Movement
Moves
Banks
Conventional
Central
Board
Measures
Reserve
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
Time
Great
You
Learning
Pay
Every
Think
Every Time
About
Give
Mentor
Higher
Take
Between
Until
Learning Curve
Leaving
Close
Curve
Choice
Your
Even
Peaks
Early
Career
Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage.
Stanley Druckenmiller
Me
You
Courage
Ride
Conviction
Profit
Tremendous
Takes
Pig
Trade
Go
Huge
Taught
Leverage
I love being around kids. I couldn't figure out why all these 70-year-olds wanted to hang out with me when I was 27. Now I understand, and I'm trying to steal their energy from them like they stole from me at the time.
Stanley Druckenmiller
Love
Time
Me
Energy
Kids
Out
Steal
Like
Around
Understand
Trying
Stole
Hang
Being
Wanted
Them
Figure
Now
Why
The way you create deflation is you create an asset bubble.
Stanley Druckenmiller
You
Way
Deflation
Bubble
Create
Asset
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
Good
Discipline
Believe
Machine
Intuition
More
Only
Exceptional
Investing
Investors
Make
Because
Disciplined
Redundant
Leaving
Than
Behind
Human
Average
Really
Skill
Successful
Many
Good Human
Bitcoin is like anything else: it's worth what people are willing to pay for it.
Stanley Druckenmiller
People
Bitcoin
Worth
Pay
Else
Willing
Like
Anything
Anything Else
If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.
Stanley Druckenmiller
Buy
You
Business
Money
Long
Back
Running
Borrowing
Long-Term
Term
Doing
Stock
Should
Thing
Last
Once an economy reaches a certain level of acceleration... the Fed is no longer with you... The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are and starts worrying about inflation and things getting too hot.
Stanley Druckenmiller
You
Inflation
Starts
Too
Once
Worrying
About
Fed
Hot
Instead
Longer
Like
Economy
Acceleration
Get
Trying
Getting
Bankers
Central
Moving
Certain
Acting
Certain Level
Level
Things
If you're extremely confident, taking a loss doesn't bother you.
Stanley Druckenmiller
You
Extremely
Bother
Taking
Loss
Confident
For 30 years I've been responsible for managing client money, and it's been a joy, but at some point I need to move on. Thirty years is enough.
Stanley Druckenmiller
Joy
Money
Move On
Thirty
Enough
Responsible
Some
Point
Client
Been
Years
Managing
Move
Need
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.
Stanley Druckenmiller
You
Game
Face
Big
Investing
Open-Minded
Always
Loved
Decisive
Flexible
Games
Play
Competitive
Need
I think ageing demographics is a bigger issue in China than people think. And the problems it creates should be become evident as early as 2016.
Stanley Druckenmiller
People
Problems
Become
Think
Evident
Demographics
Issue
Than
Bigger
China
Ageing
Creates
Should
Early
If machines do everything well, including allocating capital and resources efficiently, can that be deflationary, can that eliminate poverty? I don't know. It's hard to be very optimistic if you look at how humans have behaved historically.
Stanley Druckenmiller
You
Poverty
Resources
Everything
Machines
Allocating
Know
Look
Well
How
Historically
Very
Optimistic
Efficiently
Behaved
Capital
Hard
Including
Eliminate
Humans
All in all, I don't think robots and greater automation can bring about a utopian world as I imagined it would as a kid 50 years ago.
Stanley Druckenmiller
World
Automation
Think
Kid
Would
About
Greater
Robots
Years
Years Ago
Utopian
Bring
Imagined
I like putting all my eggs in one basket and then watching the basket very carefully.
Stanley Druckenmiller
Carefully
Putting
Like
Very
Eggs
Then
Watching
Basket
I have given myself a Tesla for my 60th birthday.
Stanley Druckenmiller
Myself
Birthday
Given
Tesla
I don't put Tesla in the Amazon category. They have not proved to me that, as a financial model and an economic model, it is going to work.
Stanley Druckenmiller
Work
Me
Financial
Economic
Put
Category
Tesla
Proved
Amazon
Model
Going
I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.
Stanley Druckenmiller
Needs
Me
You
Something
Like
Really
Position
I love Amazon.
Stanley Druckenmiller
Love
Amazon
Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.
Stanley Druckenmiller
Every
Deflation
Bubble
Looked
Bursts
Then
Serious
Asset
I don't think Donald Trump is Ronald Reagan.
Stanley Druckenmiller
Think
Reagan
Trump
Donald
Donald Trump
Ronald Reagan
In my experience, the more successful an idea is, the easier it is to fund it. In philanthropy, it's almost harder.
Stanley Druckenmiller
Experience
Philanthropy
Easier
More
Almost
Idea
Successful
Fund
Harder
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