This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

Stanley Druckenmeller is a famed and now retired trader.

You can easily find out about him and his success.

I highly recommend starting with Jack Schwager's Market Wizard's books.

Just the other day, I read a speech, a recent speech that Drucken Miller had given.

There were some great quotes in there that got me thinking.

Now, Stanley Drucken Miller has never held himself out as a trend following traitor.

But boy, he sure sounds like one.

Consider these three quotes from Stanley Drucken Miller.

I learned something incredibly valuable from George Soros, and that is, when you see it to bet big.

He also adds,

you don't need like 15 stocks or this currency or that.

If you see it, you've got to go for it because that's a better bet

than 90% of the other stuff you would add on to it.

And lastly, I think diversification and all the stuff that they're teaching at business school today

is probably the most misguided concept anywhere.

And if you look at all the great investors that are as different as Warren Buffett, Carl Icahn,

Ken Lagone, they tend to be very, very concentrated bets.

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