2min chapter

My First Million cover image

Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades

My First Million

CHAPTER

The Third Lesson I Learned From Losing Three Billion Dollars

In 19 99, after he went from a fully short position in the doccom bubble, he went long and made billions of dollars. But this is where the emotion complaning comes in. He watched two younger portfolio managers on his team keep rindying the dock com bubble. And he couldn't take it any more. So he lily called his broker put a six billion dollar bet back on the market. It's like there's these little things about emotions, a psychology that will always be with you,. no matter how successful you are.

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