Stanley Druckenmiller

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

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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.

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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.

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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.

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I have given myself a Tesla for my 60th birthday.

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The first thing I heard when I got in the business - not from my mentor - was, 'Bulls make money, bears make money, and pigs get slaughtered.' I'm here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig.

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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.

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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.

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I like putting all my eggs in one basket and then watching the basket very carefully.

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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 that he can easily walk away from the position.

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Quotes by Stanley Druckenmiller