"We have always believed that January 1st is the real start of the game. I think that's also why we've never had a losing year. When I am in profit, I tend to trade much more aggressively.
I see many fund managers who, after making 20%, say, I want to lock in this year, I've hit a new high for the year, let's go to the beach for vacation. I am quite the opposite. Honestly, I learned a lot of this from George Soros. If you've already made 20% or 30%, you're playing with the house's money, and at this point, you should aim to push your gains to 60% or 70%."
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Stanley Druckenmiller:
"We have always believed that January 1st is the real start of the game. I think that's also why we've never had a losing year. When I am in profit, I tend to trade much more aggressively.
I see many fund managers who, after making 20%, say, I want to lock in this year, I've hit a new high for the year, let's go to the beach for vacation. I am quite the opposite. Honestly, I learned a lot of this from George Soros. If you've already made 20% or 30%, you're playing with the house's money, and at this point, you should aim to push your gains to 60% or 70%."