Great Traders: Fascinating Facts About Stanley Druckenmiller

In one of my last posts for this year I decided to focus on yet another famous Forex trader – Stanley Druckenmiller. Although George Soros’ legacy as a trader is certainly one of the most memorable, his pupil Stanley Druckenmiller boasts an impressive record himself. So here are some interesting and fascinating facts about him:

-The son of a chemical engineer, Stanley Druckenmiller was born in a middle class family. He received a BA in English and Economics from Bowdoin College. During his studies there he opened a hotdog stand with one Lawrence B. Lindsay, who would later become an economic policy adviser to President George W. Bush. Later he took part in a three-year PhD program in economics at the University of Michigan, but dropped out to become an oil analyst at Pittsburg National Bank.

-He became the head of the the Bank’s equity research group after only one year. He founded his own company, Duquesne Capital Management, in 1981.

-He was hired by George Soros to work at the Quantum Fund in 1988. Druckenmiller considered Soros to be his mentor and he was part of Soros’ infamous Black Wednesday trade.

-Stanley Druckenmiller’s current net worth is $4,4 billion. 

-His trading strategy revolved around building long-term returns by preserving his capital and aggressively pursuing profits when his positions were doing well.

-Druckenmiller is one of the most generous philanthropists in the USA – he has given hundreds of millions of dollars to foundations that support education, medical research and anti-poverty.