Stanley Druckenmiller Quotes

What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now.

A speculator is a man who observes the future, and acts before it occurs.

The best early-stage venture capital investments appear obvious in retrospect; however, very few of them are actually obvious when you make them.

Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.

The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

There's a lot of bad information about TV Azteca in the market, but that's always an opportunity for smart and savvy investors.

Great investments may look crazy but really may not be.

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me.

If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.

I'm always investing. I'm constantly in talks with someone about some opportunity.

Good analysis is very useful when you want to convert a political decision into an investment. It can also go the other way and drive policy.

The way to make money is to buy when blood is running in the streets.

When buying shares, ask yourself, would you buy the whole company?

When the man who ought to want a stock doesn't want it, why should I want it?

We take the traditional value investor's process and just flip it around a little bit. The traditional value investor asks 'Is this cheap?' and then 'Why is it cheap?' We start by identifying a reason something might be mispriced, and then if we find a reason why something is likely mispriced, then we make a determination whether it's cheap.

The few times that Soros has ever criticized me was when I was really right on a market and didn't maximize the opportunity.

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.

What I like to say when you get into something that feels like a bubble or, at least, feels irrational is that you still want to build a company that has a strong discipline, business-building culture.

People always come up to me and ask what the next 'big short' will be. The truth is I simply do not have an answer, and do not want to have an answer, to this question.

Because everybody else was investing in the consumer Internet, I did, too.

I've got $130 million in the bank and a whiteboard full of cool ideas for emerging markets and technologies where we're gonna test the waters and see what happens.

We call ourselves 'opportunistic value investors.'