Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.

Investors
Stanley Druckenmiller
Born in 1953 in Pittsburgh, Stanley Druckenmiller founded Duquesne Capital in 1981 and served as lead portfolio manager for George Soros's Quantum Fund from 1988 to 2000. He was the architect of the 1992 pound-crisis trade that forced the Bank of England out of the ERM. Widely reported to have never posted an annual loss in thirty years, he is among the most consistently successful macro investors in history.
View this figure's profile
Stanley Druckenmiller's Other Quotes
I've learned many things from George Soros, but perhaps the most significant is that it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
The way to build long-term returns is through preservation of capital and home runs.
I think the stock market is going to be the key barometer for monetary policy going forward, and I think earnings are going to be the key.
Related Quotes
Courage begins the difficult deed, but fortune governs its outcome.
-- Democritus
Don't be intimidated by what you don't know. That can be your greatest strength and ensure that you do things differently from everyone else.
-- Sara Blakely
All our dreams can come true, if we have the courage to pursue them.
-- Walt Disney
Fearlessness is not the absence of fear. It's the mastery of fear.
-- Arianna Huffington
Short selling is intellectually much harder than going long. You need to have a thesis, and you also need the courage to stick with it when things go against you.
-- David Einhorn
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
-- John Templeton