Stanley Druckenmiller on the emotional toll of investing:
“I would literally throw up once or twice a week just from anxiety.”
Says he played the NASDAQ meltup in ’99, sold perfectly in January, then bought the exact top.
“When someone says what did you learn from that, I said nothing. I learned not to do that 20 years before, but I got emotional.”
His advice to money managers: “You’re going to continue to make mistakes. You’ve got a gift. Stop torturing yourself.”
Druckenmiller says he had imposter syndrome for 15+ years.