Investors & Traders · Macro & trading
Stanley Druckenmiller: Macro and Sizing
Thirty years without a down year at Duquesne: liquidity as the driver of markets, betting big when conviction is high, the 1992 sterling trade with Soros, the 2000 tech mistake, and 'invest, then investigate'.
Step 1 of 5 · Overview30 min read ·
Key idea
Prereqs: George Soros (reflexivity); central banks. Next: Paul Tudor Jones; Ray Dalio. Sources: Jack Schwager, *The New Market Wizards* (1992); Druckenmiller interviews (NBIM, Morgan Stanley).Next: 1. Career