A Quote by Stanley Druckenmiller
What a company's been earning doesn't mean anything. What you have to look at is what people think it's going to earn. If you can see something in two years is going to be entirely different than the conventional wisdom, that's how you make money.
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I'm not averse to earning someone; in fact I'd love to earn some money. But also my choices of movies don't tend to make money but I get to make interesting films. But it doesn't mean I don't want to earn shitloads of cash.
The way I see it is, the better you play, the more money you're going to earn. It's like working in a car garage, the more cars you sell, the more money you're going to earn at the end of the day. It's how life works.
I've got a funny old face. Someone described it once, and I think they were being kind, as character. But I know what they mean! I've never been that conventional. I suppose maybe it means that my face can look different in different lights, so I just try and sort of keep it simple when I'm going out, to still look like me.
The amount of money you have has got nothing to do with what you earn.. people earning a million dollars a year can have no money and.. People earning $35,000 a year can be quite well off. It's not what you earn, it's what you spend.
It's very difficult to change your approach to how you see yourself when you suddenly get divorced. And you have to think again, over the next few years, how you're going to earn your income, how you're going to run your life. You have to identify as a single mother rather than as part of a family.
The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn't going to do anything for you....it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.
I think unfortunately in this gold rush mentality that we've been in for the last years there has been not enough focus on business model quality. So when push comes to shove, there actually aren't that many great businesses that can go public. Because I think if you're going to thrive as a public company, it presupposes that you make more money than you spend.
Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn; the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
Sometimes you have to go and do something different. I'll just disappear and write a couple of books, and then go back and do some TV when I've been forgotten about, and people think it's fresh. I see people who suddenly put themselves around everywhere and I think, 'You're going to last for about two years and vanish.'
The people who are out to destroy the environment think they're going to get away with it. Are they breathing different air than we're breathing? Are they eating different food? I mean, where do they think they're going to go? What do they think is going to be better than what they have destroyed? I just don't get it.
Within 2 years Im predicting...that youre going to see a suitcase nuke in this country. Youre probably going to see a release in a few years of something communicable. & I am predicting that you will see a lot of conventional bombings...in the next year or so.
People ask me many times, "Aren't you afraid you're going to scare people? Aren't you afraid you're going to make people feel bad about the human race?" I look at it as entirely the opposite. Something you can understand and identify should be less frightening than something you can't. And to understand that there are people who are capable of acting without conscience, without considering other people at all, explains a lot of things.
When we look back on this time and we are going to see what the Internet brought us, and social media brought us, I think people are going to say 'how did people know anything in those years, during that particular time in history?' Because there is so much disorganization in the information.
[Facebook] is shaping a broader web. If you look back for the past five or seven years, the story about social networking has really been about getting people connected... But if you look forward for the next five years, I think that the story people are going to remember five years from now isn't how this one site was built; it is how every single service that you use is now going to be better with your friends.
I think football is a lifestyle more than anything. It's how you eat, it's how you sleep, it's how you conduct yourself. It's just everything you do you have to keep in mind, is this going to help or have a positive impact on how my practice is going to be, how my workout is going to be, how the game is going to be.
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