A Dozen Things I’ve learned from Stanley Druckenmiller About Investing

[dealmaker]

“Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from $1 billion to $20 billion over that time and the performance never suffered. Soros’s record was made on a smaller amount of money at a time when there were fewer hedge funds to compete against.” – Inside the House of Money

http://25iq.com/2015/04/11/a-dozen-things-ive-learned-from-stanley-druckenmiller-about-investing/

 

[game]

Druckenmiller speech from Jan 2015

 

[loyek590]

“Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from $1 billion to $20 billion over that time and the performance never suffered. Soros’s record was made on a smaller amount of money at a time when there were fewer hedge funds to compete against.” – Inside the House of Money

http://25iq.com/2015/04/11/a-dozen-things-ive-learned-from-stanley-druckenmiller-about-investing/

thanks for the link, that's some good food for thought, especially the part about diversification

 

[Maverick1]

Re the quote above, "Soros' trading ability"...

It's interesting to see this highlighted, since most everyone thinks of GS as really great with understanding the fundamentals and then some. But even his son said that a lot of the returns had to do with raw trading ability. Brings to mind the chart he had in the alchemy of finance of the Deutsche Mark, quite revealing.

 

[Pooja Sharma]