Josh Brown
๐ค SpeakerAppearances Over Time
Podcast Appearances
So here's myself quoting myself.
All right, Druckenmiller dropped out of business school after just one semester and began his career at Pittsburgh National Bank at 23 years old.
He was by far the youngest in a group of eight other people.
And then in 1978, did I say 1982?
Whatever.
And then in 1978, not even two years after being hired, he was promoted to director of equity research.
How about that?
That's 23 years old.
It wasn't apparent at the time that he would go on to become one of the best money managers ever.
Instead, it was his youth, his clean slate that his boss found so appealing.
He asked why he leapfrogged his peers who had much more experience than he did.
And here's the quote.
For the same reason they send 18 year olds to war.
You're too dumb, too young, and too inexperienced not to know to charge.
We around here have been in a bear market since 1968.
I think a big secular bull market's coming.
We've all got scars.
We're not going to be able to pull the trigger.
So I need a young, inexperienced guy to go in there and lead the charge.
Unreal, right?