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Stanley Druckenmiller: My advantage is not IQ. It's trigger pulling. I admit it's some kind of intelligence. I wasn't in the top 10% of my class. A lot people think i'm smarter than I am because i'm good at our business. But I have a very narrow form of... show more
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"Trigger pulling." "A lot people think i'm smarter than I am because i'm good at our business. But I have a very narrow form of intelligence that allows me to love and play this game." The money mind. Good.

That “narrow intelligence” is really pattern recognition and temperament. Value investors who can sit patiently and act decisively when opportunity appears are essentially playing the same game.

Yes in the investment business, it's all about execution (price to buy and price to sell). And have the luxury of time. That's why small investors should not BUY options generally but sell puts into a position and wheel it if must. Then compounding. Current stocks to sell puts into: $PYPL $DOCU $NFLX $PSKY $NVO $FTNT $LEN $ROKU $JPM $SOFI $INTC $TSLA $PLTR just name a few

Here’s how Druckenmiller trades:

Yea I love this, said it many times before that there isn't edge in being either the smartest or having a 30k bloomberg terminal. People need to become better at taking risk and having the stomach, that something you'll get better at by doing imo. Performance based, not just education.

I think this honesty and understanding of his own capabilities is a form of intelligence too.

Where is this interview

full interview: 100% recommended

The risk of not taking enough risk.

I'm a fan of Stanley but I choose Jim Simons' approach over any other well known wall street legends

So true

Our advantage is also not IQ. Follow for more.

to me his IQ is extremely high

He sees the "obvious" long before everyone else and when it actually begins to get priced into the market. His example of AI, NVDA, and ChatGPT is illustrative of that fact.

No. This is what smart people say about their intelligence.

What a nice dude , willing to give some of his precious time... with Jim simmons they are the greatest... two different style...

Excersie in futility. Cynical, but inevitably true.

@grok what does he mean with trigger pulling

谦虚了

look at that chemistry, she's next 🍆

Stan is such a grounded human being

His secret to success: being a boomer with good luck . you didn't have to be that smart to get rich in finance--just a lot of connections. Nowadays to have even a shot of being hired by a firm you need to be brilliant. Applicants are overqualified.

Omg that’s Bouz. What a legend

Druckenmiller’s secret? Markets crush overthinkers. Pulling the trigger beats IQ every time.

totally true. Investing need different quality than normal IQ .

Its called insider information

Absolutely. Sometimes when I pull the trigger I still wonder "Well, what did I even do, to deserve a 2x on this trade?" Afterwards I realize "Wow, I was really early on this, and with size" (compared to my net worth, obv)

My goat

Oh God, grant me that intelligence as well.

Gut Feeling, Intuition = Name of The Game
