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 More Quotes by Stanley Druckenmiller More Quotes From 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 that he can easily walk away from the position. Stanley Druckenmiller walk best win work With my business, the way you make big money is you find a great management team and a good concept, and you stick to it, and you add to it over time. In philanthropy, there was more this idea that once an idea was formulated, you moved along. Stanley Druckenmiller good money business time 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 need money enough joy 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 loved face game you 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 problems think china people 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 look know you poverty 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 think automation robots world Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses. Stanley Druckenmiller good you growth money 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 cool think you people 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 understand me time love I don't like the repeal of the estate tax. Stanley Druckenmiller estate-tax estate tax like I like putting all my eggs in one basket and then watching the basket very carefully. Stanley Druckenmiller then watching like eggs What a company's been earning doesn't mean anything. What you have to look at is what people think it's going to earn. If you can see something in two years is going to be entirely different than the conventional wisdom, that's how you make money. Stanley Druckenmiller you money wisdom people Carried interest... you're making money on somebody else's capital. It's not on your own. If that's not income, I don't know what is. Stanley Druckenmiller your know you money
