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#101: Stanley Druckenmiller, the #1 investor in the world – See the future differently

How Leaders Lead with David Novak

CHAPTER

Hedge Fund Screamers

In 99, the new enternet stocks, jahoa, amazon and ten stocks you've probably heard of, went bankrupt. They'd gone all up about eight or tenfold. So i found myself down 16 %, and i'd never been down more than five. And i hate to admit, i was a basket case. I was an emotional wreck. But somehow i kind of think things through, and by june or july, i decide, the fed will continue easing because of asia, and nothing to do with us. Or then i embrace the bubble and all these technology stocks are selling for like hundred and 50 times their earnings. And i'm selling everything

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