Druckenmiller: 30% annualized returns. zero losing years from 1981 to 2010.
his take on contrarianism: "it's overrated."
"Soros used to say the crowd's right 80% of the time. you just can't be caught in the other 20%."
"i don't care if a trade is crowded if the thesis is right and the trend is with me."
most retail traders try to be contrarian on every trade. the best macro investor alive says stop doing that.
Aussie monthly CPI gone from
2.1% - 3% in 2 months . That’s what happens when you get rate cuts you shouldn’t get . Going to fun when inflation catches up to the cash rate .
Clown 🤡 show .
No matter what happens now to the gold price, MUCH BIGGER gains are still ahead of us.
Above that final "WALL" is where $8000 and $12000 targets reside.
𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗧𝗵𝗲𝘀𝗶𝘀 — Root Chain for the World Computer
We invest in, build on and love Ethereum ❤️ — since 2014.
https://t.co/j3UQLjhmpc
Here we share our conviction & discuss:
‣ Ethereum's state
‣ Rollup-centric future
‣ L1 & DA moats
‣ ETH value accrual
🧵
Bottom trolls in disbelief.
If you were shook, internalize the lesson that bears have the most power near the bottom.
While social momentum & validation will encourage bearishness near the bottom, it pays the least to be bearish there, and pays the most to be bullish.