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How Leaders Lead with David Novak

#101: Stanley Druckenmiller, the #1 investor in the world – See the future differently

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 22 September 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

Welcome to How Leaders Lead where every week, you get to listen in while I interview some of the VERY best leaders in the world. I break down the key learnings so that by the end of the episode, you’ll have something simple you can apply as you develop into a better leader. That’s what this podcast is all about! Today’s guest is Stanley Druckenmiller, the #1 investor in the world. I know, that’s a big claim! But get this: during his 30 years managing money for investors, he had an average annual return of 31%. And he NEVER had a down year. So if you’re even a little interested in finance, you’re going to learn a lot from Stan – including some really practical investment advice and his take on the future of our economy. But more importantly, there’s a huge leadership lesson to learn. Stan isn’t afraid to envision the future differently than other people. He can see trends and patterns others can’t – and then he has the courage to act on them. That’s a skill EVERY leader needs to develop. Seeing the future differently allows us to spot opportunities and prepare for what’s coming. If we just go with the flow of what’s current, we’ll always just be a part of the trend, not ahead of it.  You’re about to see for yourself how great leaders aren’t afraid to see the future differently. So here is my conversation with my good friend, and soon to be yours, Stanley Druckenmiller. Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead where every week you get to listen in while I interview some of the very best leaders in the world.

0:10.3

I break down the key learning so that by the end of the episode, you'll have something simple you can apply as you develop into a better leader.

0:18.1

That's what this podcast is all about.

0:20.6

Today's guest is Stanley Druckenmiller,

0:22.9

the number one investor in the world. Now I know that's a big claim, but get this. During his 30

0:30.6

years managing money for investors, he had an average annual return of 31 percent, and he never, I mean, never had a down year.

0:42.1

So if you're even a little bit interested in finance, you're going to learn a lot from Stan,

0:48.4

including some really practical investment advice and his take on the future of our economy. But more importantly,

0:56.1

there's a huge leadership lesson to learn. Stan isn't afraid to envision the future differently

1:01.7

than other people. He can see trends and patterns. Others can't. And then he has the courage to

1:08.3

act on him. That's a skill every leader needs to develop. Seeing the

1:12.6

future differently allows us to spot opportunities and prepare for what's coming. If we just go with

1:19.3

the flow of what's current, we'll always just be a part of the trend, not ahead of it. You're

1:24.8

about to see for yourself how great leaders aren't afraid to see the

1:29.1

future differently. So here's my conversation with my good friend and soon to be yours, Stanley Druckeniller.

1:43.0

I can't wait to dig into how you become the greatest investor of all time and how you lead.

1:48.8

But first of all, I know you've got a new puppy at the house.

1:51.8

How's the potty training going with Otto?

1:54.9

He's pretty good.

1:56.0

He's about 24 for 25 every day.

1:58.7

But the 25th episode is not exactly ideal.

2:03.4

You know, as we get into this, people are going to see that you are absolutely in love with what you do.

...

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