Stanley Druckenmiller Quotes

Play the game for more than you can afford to lose... only then will you learn the game.

Creative risk taking is essential to success in any goal where the stakes are high. Thoughtless risks are destructive, of course, but perhaps even more wasteful is thoughtless caution which prompts inaction and promotes failure to seize opportunity.

Whenever I throw caution to the wind I make sure I'm facing the right way so that it doesn't blow back and hit me in my face.

There is nothing wrong with a big bet, if a big bet is a good bet.

With everything I do, there always seems to be a massive risk involved.

I am convinced by my style of play, so I take risks without much hesitation.

I will take the lead in turning risks into opportunities.

Be willing to take on career risks.

Be safe and be realistic. They're both equally important.

Taking big risks combined with having a team you believe in and that believes just as much in you as a leader make for long-term wins, even in a game of inches.

However much risk we are taking, we can and probably should take more.

All courses of action are risky, so prudence is not in avoiding danger (it's impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer.

You need to be uncomfortable and apprehensive: True strategy is about placing bets and making hard choices. The objective is not to eliminate risk but to increase the odds of success.

Everyone in a successful organization must be willing and ready to risk. Risk is like change; it's not a choice.

Take calculated risks. Act boldly and thoughtfully. Be an agile company.

Any time you risk big you often risk losing big. You can win big but you can also lose big, but you have to be willing to take those risks.

This forms the nub of a dilemna that every Everest climber eventually comes up against: in order to succeed you must be exceedingly driven, but if you're too driven you're likely to die.

In order to succeed, you have to live dangerously.. as long as the danger is rationally accepted and as long as the rewards far outweigh the risk.

If you are not actively seeking and creating opportunities, which always contain an element of risk, you are actually exposing yourself to more serious risks in the long term.

Trading gives you an incredibly intense feeling of what life is all about.

Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.

In this life, you have to risk big to win big.

Taking smart risks can be very gratifying.

To put yourself into a situation where a mistake cannot necessarily be recouped, where the life you lose may be your own, clears the head wonderfully. It puts domestic problems back into proportion and adds an element of seriousness to your drab, routine life. Perhaps this is one reason why climbing has become increasingly hard as society has become increasingly, disproportionately, coddling.

One doesn't accept bad challenges. Part of it is always the risk-taking without seeing that the risks are rational and the rewards are commensurate.. are more than commensurate.. with the risks.