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Josh Brown

๐Ÿ‘ค Speaker
4964 total appearances

Appearances Over Time

Podcast Appearances

The Compound and Friends
What You Need to Survive a Bull Market

So here's myself quoting myself.

The Compound and Friends
What You Need to Survive a Bull Market

All right, Druckenmiller dropped out of business school after just one semester and began his career at Pittsburgh National Bank at 23 years old.

The Compound and Friends
What You Need to Survive a Bull Market

He was by far the youngest in a group of eight other people.

The Compound and Friends
What You Need to Survive a Bull Market

And then in 1978, did I say 1982?

The Compound and Friends
What You Need to Survive a Bull Market

Whatever.

The Compound and Friends
What You Need to Survive a Bull Market

And then in 1978, not even two years after being hired, he was promoted to director of equity research.

The Compound and Friends
What You Need to Survive a Bull Market

How about that?

The Compound and Friends
What You Need to Survive a Bull Market

That's 23 years old.

The Compound and Friends
What You Need to Survive a Bull Market

It wasn't apparent at the time that he would go on to become one of the best money managers ever.

The Compound and Friends
What You Need to Survive a Bull Market

Instead, it was his youth, his clean slate that his boss found so appealing.

The Compound and Friends
What You Need to Survive a Bull Market

He asked why he leapfrogged his peers who had much more experience than he did.

The Compound and Friends
What You Need to Survive a Bull Market

And here's the quote.

The Compound and Friends
What You Need to Survive a Bull Market

For the same reason they send 18 year olds to war.

The Compound and Friends
What You Need to Survive a Bull Market

You're too dumb, too young, and too inexperienced not to know to charge.

The Compound and Friends
What You Need to Survive a Bull Market

We around here have been in a bear market since 1968.

The Compound and Friends
What You Need to Survive a Bull Market

I think a big secular bull market's coming.

The Compound and Friends
What You Need to Survive a Bull Market

We've all got scars.

The Compound and Friends
What You Need to Survive a Bull Market

We're not going to be able to pull the trigger.

The Compound and Friends
What You Need to Survive a Bull Market

So I need a young, inexperienced guy to go in there and lead the charge.

The Compound and Friends
What You Need to Survive a Bull Market

Unreal, right?