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
I believe that good investors are successful not because of their IQ, but because they have an investing discipline. But, what is more disciplined than a machine? 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
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
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
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses. – Stanley Druckenmiller
If you’re running a business for the long term, the last thing you should be doing is borrowing money to buy back stock. – Stanley Druckenmiller
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. – Stanley Druckenmiller
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
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
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
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
Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery. – Stanley Druckenmiller
