Stanley druckenmiller ranked 428 among the worlds richest people in 2006. Its been said that the guy has earned something like 30% annual returns over his career, which stretches back to the 1980s. In jack schwagers book the new market wizards, druckenmiller said this in response to the. The best part is that used trading books can be purchased for cheap. After the election, hedge fund manager stanley druckenmiller made headlines by announcing that he had sold all of his gold on november 8 he said that the way he foresaw the economy going in the future, he wouldnt need it anymore, and that other investments would be sounder. After working at the pittsburgh national bank, in 1981 stan founded duquesne capital management, which he ran until he closed the firm at the end of 2010. Billionaire investor stanley druckenmiller, who boasts the best longterm record in macro investing, said hes having a tough time this year. Here are brilliant quotes from billionaire investor stanley. Billionaire investor stan druckenmiller said an aging population will present a massive, massive problem for the u. Stanley druckenmiller is saying that the people at the fed put their underwear on one leg at a time like everyone else. Price action is the current truth regardless of any ones opinion. He is profiled in the book the new market wizards by jack d. I think that it is one of the best books on trading for beginners because it gives. Book depository books with free delivery worldwide.
Legendary investor stanley druckenmiller recently came out of the shadows and gave a rare interview on a myriad of topics. Stanley druckenmillers big mistake the irrelevant investor. Stanley druckenmiller made it big as a hedge fund manager for 30 years. I think janet yellen is a great choice as a federal reserve chairperson. You are not stanley druckenmiller a wealth of common sense. He is one of the few investors to clearly see and navigate the macro landscape. Stanley druckenmiller the greatest lesson i ever learned.
The information on this site is in no way guaranteed for completeness, accuracy or in any. Michael batnick, ritholtz wealth management director of research, discusses investing mistakes by the likes of warren buffett and stanley druckenmiller and how hard it is to beat the market. Seth klarman provides the fuller explanation his book margin of safety. This is one of the best books to learn the stock market or trading any market, for that matter. The next day he flipped his book and got short the market and actually made. Thats high praise, but if you look at druckenmiller.
April 11, 2015 stan may be the greatest moneymaking machine in history. Stanley druckenmiller is arguably one of the greatest investors of alltime. Below we list the four books on this list and provide some additional details on each. Billionaire stanley druckenmiller founded the asset manager duquesne capital in 1981. Top 10 stanley druckenmiller price action trading quotes.
Stanley druckenmillers top 6 buys for the 4th quarter. Whats obvious is obviously wrong the present is already in the price and its margins and capacity that matter stanley druckenmiller the following are some more words of wisdom from druck pulled from an old barrons interview in 88. Druckenmiller stanley druckenmiller is chairman and chief executive officer of duquesne family office llc. Stanley druckenmiller and geoffrey canada reportedly made several campaigns and speeches, advocating for these reforms.
Sothebys international realtys leslie mcelreath had the listing for the 12,000squarefoot ho. This highly recommended book taught me to size up my bets if i feel confident about my bets and. Stanley druckenmiller is famous for taking over the multibilliondollar portfolio of the quantum fund from his mentor george soros. The investor who led george soross bold bet against the british pound in 1992, mr. Biography and booking information for stanley druckenmiller, business speaker stanley druckenmiller is an american hedge fund manager who is the former chairman and president of duquesne capital. Druckenmiller in the book inside the house of money. Stanley druckenmiller is the owner of one of the most remarkable track records of all time. Druckenmiller founded duquesne capital management in 1981, which he ran until he closed the firm at the end of 2010. Whenever i see a stock market explode, six to 12 months later you are in a full blown recovery. Portfolio manager s are listed as stanley druckenmiller. There are several factors that collectively contribute to the health of a community. Billionaire investor stanley druckenmiller has a long, fruitful career in fund managing. William eckhardt, linda raschke and stanley druckenmiller.
But during the late 90s, like so many others, he was infected with the fear of missing out. He appears in jack schawgers book new market wizards. Stan may be the greatest moneymaking machine in history. A dozen things ive learned from stanley druckenmiller about. Contact all american speakers bureau to inquire about speaking fees and availability, and book the best keynote speaker for your next event. A conversation about the lessons from decades of investing with stanley druckenmiller, founder,duquesne capital management. Stanley druckenmiller greenwich ct luxury real estate.
There is one passage in particular in which stanley druckenmiller discloses a conversation he had with george soros which perfectly illustrates what it takes to make big bets when you think youre right. Final thoughts on the best trading books of alltime. Homepage membership levels membership data coverage complete stock list founders message the book value investing forum podcast. He cofounded behance in 2006 and served as ceo until it was acquired by adobe in 2012. We found four books which discuss druck to varying degrees with jack schwager the winner hands down.
Keep reading to learn more about his insights into investing and. Duquesne family office llc has disclosed 43 total holdings in their latest sec filings. Even stanley druckenmiller does not believe he can get into david teppers fund. Thats high praise, but if you look at druckenmillers track record, youll find its well deserved. Theres a few notes from me as well gauging the macro environment through three different. What we said about george soros is even more applicable with his protege, stan druckenmiller. Legendary hedge fund manager stanley druckenmiller, who runs duquesne capital, says that the bull market has exhausted itself after eight years of a radical monetary experiment. Stanley druckenmiller duquesne capital management, llc last update 20200515. Given the popularity of that post, we thought itd be interesting to see what lessons we could learn from this great investor so we looked at druckenmillers interview in jack schwagers book the new market wizards to see what we could learn. The greatest money making machine in history, a man with jim rogers analytical ability, george soros trading ability, and the stomach of a riverboat gambler is how fund manager scott bessent describes stanley druckenmiller. This book is just plain funbut you do learn some valuable lessons too. Darvas was a world famous dancer who had zero stock market experience.
Stan druckenmiller sees massive problem caused by aging. A dozen things ive learned from stanley druckenmiller. Stanley freeman druckenmiller born june 14, 1953 is an american investor, hedge fund manager and philanthropist. Wisdom from billionaire druckenmiller and his top tech. Tweetsharepinshare0 sharesmonetary assistance is not the only answer to the sufferings of people living in a weak community. Stanley druckenmiller skip to main search results amazon prime. He is the former chairman and president of duquesne capital, which he founded in 1981. Fortunately, one answer can be found in the book the new market wizards, by jack schwager. Top 10 stanley druckenmiller price action trading quotes new.
The day before the crash in 1987, stanley druckenmiller switched from net short to % long because he thought the selloff was done. He has jim rogers analytical ability, george soross trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. Im with stan druckenmiller gold has every reason to. Several other projects that the very generous billionaire has contributed to over the years include the building of the stanley f. George soros famously told that line to stanley druckenmiller. So those are the best trading books that i know of. Still, soros called it a safe bet in a 1994 interview. Hedgefund manager stanley druckenmiller bets big on chip stocks 7. For many pastors and christian leaders throughout america, andy stands as one of the most inspiring and exemplary models of leadership excellence and rightly so. Prices are set by bidask spreads not opinions or predictions. Legendary billionaire investor stanley druckenmiller told sohn investment conference attendees to sell their equity holdings wednesday. At the time, druckenmiller ran soros quantum fund and leveraged it by one and a half times to make the bet. As far as we know stan has neither authored any books nor formally recommended any in particular. Stanley druckenmiller graduated with honors from bowdoin college with degrees in economics and english, and earned graduate degree credits in economics from the university of michigan.
To improve the living conditions of people surviving in developing countries or rural. From 1988 to 2000, he was a managing director at soros fund management, where. Stanley druckenmiller seems poised to make a killing on. Druckenmiller hall, built in 1997 at his former bowdoin college which he named after his. Ive met hedge fund manager stan druckenmiller a couple times, the first time about 15 years ago when he spoke at a robin hood charity event. A good trading book is worth its weight in gold and can give you the knowledge that can help you get to the next level in your trading. A dozen things ive learned from stanley druckenmiller about investing. Stan druckenmiller malibu colony road jason statham. He saw the market bumping up against significant support. Put all your eggs in one basket and watch the basket very. Economic, social, educational, political, and spiritual factors together develop a community.
He closed the fund in august 2010 because he felt unable to deliver high returns to his clients. Stanley druckenmiller stock picks and latest trades. Hedges can be expensive and good trades dont need them, a good exit plan is the best hedge. Why stanley druckenmiller changed his mind about gold. Stanley druckenmiller speakers bureau and booking agent info. Steelers suitor stanley druckenmiller has always been good at making money by bill toland august 17, 2008. In this interview, stanley discusses the macroeconomic factors he is monitoring and the. Druckenmiller is worried about the federal reserve and its emergency measures of quantitative easing. Stanley druckenmiller, founder of hedge fund duquesne capital. Stanleys book recommendation charles murray, coming apart. Whilst not an exhaustive list, we will recommend one book a week to read, for a.