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Stanley Druckenmiller Quotes
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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 Quotes)
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses. (Stanley Druckenmiller Quotes)
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 Quotes)
Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That’s how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them. (Stanley Druckenmiller Quotes)
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 Quotes)
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 Quotes)
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 Quotes)
Everyone sort of lives with their rulers in the past and doesn’t look at coming changes (Stanley Druckenmiller Quotes)