“Every event in the world affects some security somewhere. You’re constantly trying to figure out the puzzle and envision the world as it might be, as opposed to it his way now. It’s been a love affair from the day I got in the business…. If you envision the future, and you’re wrong, it’s not very fun. It’s like shanking a wedge that really matters on a key hole. But if you envision the future, particularly in a way that others have not, and you bet it big, and it all comes to fruition—it’s not so much that you make a lot of money. It’s that you figured out a problem and you won and there’s the self-satisfaction of it. So constantly looking at the world as a collection of puzzles and trying to figure out those puzzles. When you get them right, it’s wonderful. When you get them wrong, it’s not so wonderful, but you move on.”
—Stanley Druckenmiller.
