I don't put Tesla in the Amazon category. They have not proved to me that, as a financial model and an economic model, it is going to work.
More Quotes by Stanley Druckenmiller
I have given myself a Tesla for my 60th birthday.
The first thing I heard when I got in the business - not from my mentor - was, 'Bulls make money, bears make money, and pigs get slaughtered.' I'm here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig.
What a company's been earning doesn't mean anything. What you have to look at is what people think it's going to earn. If you can see something in two years is going to be entirely different than the conventional wisdom, that's how you make money.
I like putting all my eggs in one basket and then watching the basket very carefully.
Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage.
Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. It's liquidity that moves markets.
Similar Quotes
When I left the work world, I started designing my dream house. I dived into architecture and bought seven vacant lots. My plan was to build one house, move in, and build the next. If the next was better, I'd move in and sell the previous one - so on and so forth.
My private work is touched by this destiny of understanding that architecture and engineering have a social character and can serve the community.
When I work on sculpture, I don't have to worry about function. When I work on a piece of architecture, I must think about function all the time.
Barcelona is a beautiful city. I love the buildings and the architecture and always enjoy being close to that. It makes sense as an art person to work in places like that, it always feels nice and creative.
I've always been a good student, made good enough grades to do well, and enjoyed a lot of different subjects. It wasn't until I went to architecture school, though, that I really loved school work.
I never called my work an 'art'. It's part of show business, the business of building entertainment.