All you pikers ripping S.D. are pathetic. 30 years and ZERO down until this year's puny 5% giveback. 3.5 billion net worth Yeah, keep ripping him all you "Elite Traders".
I often lose 5% of my account on one trade. This guy is a sore loser/cry baby, by the sounds of things. If you cant take a loss you shouldnt be in this business.
Don't know shit about him except for what I wrote. Just laugh at all you loser wannabe's sitting at home trying to make rent money and ripping billionaire traders.
He probably realized that 3+ billions is enough, and it is nice to go out on the top... He is not getting any younger either...More info: http://www.bloomberg.com/news/2010-...-30-years-as-hedge-fund-job-gets-tougher.html "He said almost every family vacation had been interrupted by a work emergency."
" Druckenmiller said his success is in part due to lessons he learned from his mentor at his first job at Pittsburgh National Bank, Speros Drelles. Drelles taught him to use technical analysis to help gauge whether prices were poised to jump, while most analysts depended on a companyâs financial reports to decide whether a stock was a good buy. If a company has good charts and fundamentals, heâd put it in the portfolio. His training as an economist also helped him identify big macro themes, such as housing starts, retail spending and unemployment that would cause shares to climb or swoon. "
âWhile the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain,â he wrote to his 100 clients today. Just goes to confirm that trading is emotionally negative sum, regardless of how much money you make. The winning periods, even though you make more money during them, dont make up emotionally for the losing periods. Trading saps your emotional mojo.
Perhaps you should change your moniker to Billionaire before criticizing Druckenmiller and his trading.