DAILY WALL STREET WISDOM · #093
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“The way to build long-term returns is through preservation of capital and home runs.”
🇺🇸Stanley Druckenmiller
Former Chairman, Duquesne Capital
WHO SAID IT
🇺🇸 Stanley Druckenmiller
Former Chairman, Duquesne Capital
WHAT IT MEANS
Druckenmiller's approach combines defensive capital preservation most of the time with aggressive bets when conviction is highest. This barbell strategy of mostly cautious play punctuated by bold moves has generated legendary returns.
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