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Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades
My First Million
How to Manage the Emotions and the Psychology of Investing
When a security goes up, every bone in your body wants to buy more of it. You have to constantly remind yourself o why you own that security. Just because it's going down doesn't necessarily mean you should sell it. I ended up losing three billion dollars on that trade alone. And it was all because i got emotional and dropped every tool of discipline i've ever had. So you can talk about not being emotional, but it takes incredible discipline to act on that.
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