6min chapter

The Alchemy of Money cover image

Reflections on the Investing Process with Michael Mauboussin

The Alchemy of Money

CHAPTER

Is There a Hot Hand?

Frederick Druckenmiller had this idea of being self aware in the sense that he says, I have to know whether I'm hot or cold and you pointed out to a related concept these bursts. So there's been a very long I mean a decade so long just to debate and sports about this idea of the hot hand. And, however, this, it's just not that big a factor I mean it's not insignificant but it's not thatbig a factor. Yeah. Frederick there's one other thing that he talked about and I got a couple questions from people about this just to be super clear. He said the main thing that you learned from Soros was something like that

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