Stanley Druckenmiller

Thread:

 

Interesting post.

According to the late William O'Neil, founder of Investor's Business Daily, accelerated earnings (both annual and quarterly) are what drive stock prices.

 

INVESTOR: "Never invest in today. always invest in the future."


DAY TRADER: "Never day trade in the future. Always day trade in today."


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Backtest it and you will see that's not really the case any more..

 

Hello BKR88,

I disagree with this post.

Stanley Druckenmiller just talking bullshit around, he rich already, so of course he say silly stuff like that.

Investing takes too long to get rich, and you may die before it happens.

Best to get rich very very fast now in the markets.

It is VERY hard to enjoy life investing for the future.

 

But what drives earnings?
Maybe liquidity from the Fed?

 

Why 99% of day traders are not profitable?

 

Yeah.....
I've noticed that people who are already rich and have been so for a long time tend to give very out-of-touch advice to people who are just starting out.

 

If I backtest I am looking at the past? No?