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 More Quotes by Stanley Druckenmiller More Quotes From Stanley Druckenmiller 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 home running pigs 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. 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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 skill good discipline believe 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. Stanley Druckenmiller ride me you courage Bitcoin is like anything else: it's worth what people are willing to pay for it. Stanley Druckenmiller worth anything like people Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. It's liquidity that moves markets. Stanley Druckenmiller market looking focus people You can be far more aggressive when you're making good profits. 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