Stan Druckenmiller's Wisdom

Stan Druckenmiller averaged over 30% returns the last three decades — impressive. But what’s even more astonishing is the lack of volatility… the guy almost never loses.

He never had a single down year and only had five losing quarters out of 120 altogether! That’s absolutely unheard of. And he did all of this in size. At his peak, Druck was running more than $20 billion and he was still managing to knock it out the park.

Druck also said the following:
  1. The stock market IS NOT the economy.
  2. The sweetest spot is when economic growth is weak and inflation low. The Fed will be on your side. When growth is strong or inflation high, the Fed is no longer with you.

https://opportunistictrader.com/2018/11/26/legend-druckenmiller-on-why-the-fed-not-earnings-move-markets/

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