Stanley Druckenmiller on What Makes a Great Investor, Bitcoin & His Biggest Trades

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 27 May 2021

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Trung Phan (@TrungTPhan) -- lead writer for The Hustle -- interviewed hedge fund legend Stanley Druckenmiller on May 11. Widely regarded as one of the greatest investors ever, Druckenmiller famously made $1 billion in a single trade shorting the British Pound in 1992. Sam (@theSamParr) has a brief intro chat with Trung before transitioning into the 40-minute Druckenmiller Q&A, which covers: 1) the parallels between now and the Dot-com bubble; 2) the appeal of Bitcoin; 3) the first Big Tech firm likely to reach a $5T valuation; 4) what makes a great investor; and 5) Druckenmiller’s investment in fintech startup Toggle AI (which set up the interview). --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (8:25) Lessons from the Dot-com Bubble * (17:40) What’s the first Big Tech company likely to reach a $5T valuation? * (19:25) What’s the biggest risk to the equity markets? * (21:55) What are the long-term effects of the Wall Street Bets saga? * (24:20) How he uses Toggle AI in his investing process * (26:50) What makes a great investor? * (35:20) What is the appeal of Bitcoin? * (42:20) His thoughts on Dogecoin * (44:20) Advice for 20-year olds

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by the HubSpot Podcast Network.
0:05.0	What is the HubSpot Podcast Network?
0:08.0	That's right.
0:09.0	It's a new thing by HubSpot.
0:10.0	They started with our podcast and now they're branching into more and more podcasts with experts in different business areas.
0:16.0	So you might have a podcast about marketing or sales or operations or customer service.
0:21.0	And we're going to go over through the different podcasts on this network,
0:24.0	some are more entertaining, some are more informational, some are a good mix of both.
0:28.0	That's what we try to do here.
0:29.0	And HubSpot's goal here is to have on-demand mentors.
0:33.0	So if you're an entrepreneur, you're a startup, you're scaling up.
0:36.0	You're going to be able to hear practical tips and inspirational stories by listening to the different podcasts on their network.
0:41.0	Which by the way, I think this is a smart idea.
0:43.0	Too many brands just try to sell you their thing.
0:46.0	HubSpot, I love their approach here.
0:48.0	They're like, let's put out great, valuable, free content and help more companies succeed.
0:52.0	And the more companies that we help succeed, the more will eventually come back to us.
0:55.0	So they're like a good karma kind of thing.
0:57.0	So listen, learn and grow with HubSpot podcast network, HubSpot.com slash podcast network.
1:03.0	Uh-huh.
1:05.0	Yeah.
1:06.0	I feel like I can root a world.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hubspot, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hubspot and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.