“ I don’t know why streaks happen but they happen. They happen in baseball they happen in putting they happen in money management. One of my jobs is to know whether I’m hot or cold.”
Gotta Press Sometimes.
This is probably one of my favorite clips from Stanley Druckenmiller. Listen to it at the start of every new year
"We have always believed that January 1 is when the house starts. I think this is the reason we have not had a down year. When I am up, I will play much more aggressively.
I see a lot of managers get up 20% and say I want to book my year, I made my high watermark, lets go to the beach. I am the opposite. Frankly I learned a lot of that from George [Soros]. If you are up 20 or 30%, you are playing the house money, thats when you try to get up 60 or 70%."
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Read: https://t.co/97CQosGk0O
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