Druckenmiller Quotes & Sayings

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

My mom was a model, and her laid-back but put-together sensibility really rubbed off on me. — Tony Parker

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

Maybe innocence is a skin you must shed to build layers more resistant to the caustic truths of the world. — Hector Tobar

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

Television should be the last mass communication medium to be naively designed and put into the world without a surgeon-general's warning. — Alan Kay

I think old people like Hillary Clinton and I shouldn't try and be cool with social networks, you know; maybe she should leave that stuff up to Chelsea. — Stanley Druckenmiller

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 long-term returns is through preservation of capital and home runs. — Stanley Druckenmiller

Everyone sort of lives with their rulers in the past and doesn't look at coming changes. — Stanley Druckenmiller

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

Put like that, of course, it seems absurd; and yet the absurdity lies in the attempt to picture God as just like us only a bit bigger and more all-seeing. — N. T. Wright

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

Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery. — Stanley Druckenmiller

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

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

The men who have most fully illustrated Christ in their character and have most powerfully affected the world for Him have been men who spend so much time with God as to make it a notable feature in their lives. — Edward McKendree Bounds

To believe you're being psychically attacked gives you an understanding of your illness that no Western doctor can provide; this can be reassuring when you've exhausted the Western doctor tool kit, and the doctors are sending you to acupuncturists for pain relief. — Heidi Julavits

To aspire to life forever would be to acquire living at the expense of life. — Christopher Priest

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

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

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

Hunger makes thief of any man. — Pearl S. Buck

You have taught us much. Come with us and join the movement."
"This movement of yours, does it have slogans?" inquired the Chink.
"Right on!" they cried. And they quoted him some.
"Your movement, does it have a flag?" asked the Chink.
"You bet!" and they described their emblem.
"And does your movement have leaders?"
"Great leaders."
"Then shove it up your butts," said the Chink. "I have taught you nothing. — Tom Robbins

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

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

We never have time, do we, for all that we don't exactly want to do. — Joyce Carol Oates

Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses. — Stanley Druckenmiller

People think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily. — Michele Bachmann

Mirrors reflecting

Doubling the laughing crowd

Lies set in glass

I see no bright eyes

Peering out from this jeweled mask

I, too, am a lie — Miriam Forster