Druckenmiller on the 2000s Tech Bubble I made a lot of mistakes, but I made one real doozy. So, this is kind of a funny story, at least it is 15 years later because the pain has subsided a little. But in 1999 after Yahoo and America Online had already gone up like tenfold, I got
@PrefShares Anyone know who the “2 gunslingers” were?
@PrefShares I love this anecdote. Legendary.
@PrefShares Yeah, heard about that. He really did learn from his lesson after that.
@PrefShares Fucking legendary
@PrefShares Why im sitting 50% cash
@PrefShares Such a great story
@PrefShares He was chasing. That's it
@PrefShares Great post thanks.
@PrefShares A classic. My favorite part: “You asked me what I learned. I didn’t learn anything. I already knew that I wasn’t supposed to do that. “
@PrefShares One of my favorites by him
@PrefShares “There’s a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, sort of like this ’66 to ’82 time period.” - Druck 9/13/22 The market is up 69.45% since he said this...
@PrefShares @grok explain the last part of this tweet, when it reaches January 2000, what happened, I dont understand
@PrefShares Which is why Peter lynch always said individual investors have some advantage that institutional investors do not have because individual ones have no market pressure from fund investors.
@PrefShares Such a bad write up
@PrefShares Story is so perfect…it’s bait
@PrefShares @grok explain in ver short
@PrefShares Great lesson to learn
@PrefShares All in on the ❌. Curious spot to pick.
@PrefShares Beautiful quote to a tweet
@PrefShares Amazing story. Gets me every time.
@PrefShares do you think today’s ai stocks are setting up for a similar déjà vu moment
@PrefShares @grok explain this in lamens and vefiry if its true or not
@PrefShares I’ve got better stories…I was the first Internet analyst and I walked away from it all in March of 2000