Hard Lessons: Stan Druckenmiller: Invest, then investigate

Stan Druckenmiller, legendary macro investor, shares insights on market strategies and investment philosophies in a conversation with Iliana Bouzali. Druckenmiller emphasizes the importance of mentors, citing lessons from his own experiences with mentors who taught him about sizing positions and embracing volatility. He also discusses a successful investment in Teva Pharmaceuticals, highlighting the value of identifying companies undergoing significant transitions that are misunderstood by the market. Druckenmiller also recounts his experience with NVIDIA, explaining how he initially invested based on the advice of his team and later increased his position after recognizing the potential of AI, demonstrating the importance of trusting his team's expertise and adapting to new information.