Stanley Druckenmiller

“The way you create deflation is you create an asset bubble.”

“Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery.”

“Carried interest... you're making money on somebody else's capital. It's not on your own. If that's not income, I don't know what is.”

“I love Amazon.”

“I don't think Donald Trump is Ronald Reagan.”

“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.”

“I think ageing demographics is a bigger issue in China than people think. And the problems it creates should be become evident as early as 2016.”

“The few times that Soros has ever criticized me was when I was really right on a market and didn't maximize the opportunity.”

“In my experience, the more successful an idea is, the easier it is to fund it. In philanthropy, it's almost harder.”

“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.”

“I think Bezos is incredible.”

“There's just nothing to me so invaluable in my business, but in many businesses, as great mentors.”

“If machines do everything well, including allocating capital and resources efficiently, can that be deflationary, can that eliminate poverty? I don't know. It's hard to be very optimistic if you look at how humans have behaved historically.”

“If you're running a business for the long term, the last thing you should be doing is borrowing money to buy back stock.”

“Once an economy reaches a certain level of acceleration... the Fed is no longer with you... The Fed, instead of trying to get the economy moving, reverts to acting like the central bankers they are and starts worrying about inflation and things getting too hot.”

“You can be far more aggressive when you're making good profits.”

“I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.”

“I like putting all my eggs in one basket and then watching the basket very carefully.”

“I have given myself a Tesla for my 60th birthday.”

“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.”