Stanley Druckenmiller famous quotes

Last updated: Sep 5, 2024

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

#Running #Home #Pigs
Iâ€™ve learned many things from him [George Soros], but perhaps the most significant is that itâ€™s not whether youâ€™re right or wrong thatâ€™s important, but how much money you make when youâ€™re right and how much you lose when youâ€™re wrong.
-- Stanley Druckenmiller

#Important #Significant
Once you make a lot of money, it's incredibly enjoyable to give it away. It's a way to satisfy the soul.
-- Stanley Druckenmiller

#Giving #Generosity #Soul
The way to build long-term returns is through preservation of capital and home runs.
-- Stanley Druckenmiller

#Running #Home #Long
I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, 'This is useless. What makes the stock go up and down?' That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock's price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don't know what makes their particular stocks go up and down.
-- Stanley Druckenmiller

#Directors #Analysis #Banking
Everyone sort of lives with their rulers in the past and doesnâ€™t look at coming changes.
-- Stanley Druckenmiller

#Past #Looks #Rulers
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

#Important #Investing #I've Learned
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

#Loss #Winning #Shoes

By the time it came to the edge of the Forest, the stream had grown up, so that it was almost a river, and, being grown-up, it did not run and jump and sparkle along as it used to do when it was younger, but moved more slowly. For it knew now where it was going, and it said to itself, â€œThere is no hurry. We shall get there some day.â€ But all the little streams higher up in the Forest went this way and that, quickly, eagerly, having so much to find out before it was too late.
Saint George killed the last dragon, and he was called a hero for it. I've never seen a dragon, and I wish he would have left at least one. Saint Patrick made a name for himself by running the snakes out of Ireland, leaving the place vulnerable to rodent infestation. This business of making saints out of men who exterminate their fellow creatures has got to stop. All I'm saying is, it's starting to get a little lonely up here at the top of the food chain.
Rogue Squadron doesnâ€™t run. Unless we really, really have to." "No, this will be Wraith Squadronâ€™s mission." "We donâ€™t mind running. Even when we donâ€™t have to.
Baseball is about homecoming. It is a journey by theft and strength, guile and speed, out around first to the far island of second, where foes lurk in the reefs and the green sea suddenly grows deeper, then to turn sharply, skimming the shallows, making for a shore that will show a friendly face, a color, a familiar language and, at third, to proceed, no longer by paths indirect but straight, to home.
First birth is from your parents, but real birth, real life, begins when one accepts a bona fide spiritual master and renders service unto him. Then the path is open for going back to home, back to Godhead, to live eternally in full knowledge and full bliss and in association with the Supreme Personality of Godhead Himself, Lord Krishna.
If this world affords true happiness, it is to be found in a home where love and confidence increase with the years, where the necessities of life come without severe strain, where luxuries enter only after their cost has been carefully considered.
Roxy Sorkin, your father just won the Academy Award. I'm going to have to insist on some respect from your guinea pig.
Man's nature is made up of four elements, which produce in him four attributes, namely, the beastly, the brutal, the satanic, and the divine. In man there is something of the pig, the dog, the devil, and the saint.
Pride grows in the human heart like lard on a pig.
You pigs, you. You rut like pigs, is all. You got the most in you, and you use the least. You hear me, you? Got a million in you and spend pennies. Got a genius in you and think crazies. Got a heart in you and feel empties. All a you. Every you...

Stanley Druckenmiller famous quotes

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