Stanley Druckenmiller Biography, Age, Education, Wife, Daughters, Career, Book, Gold

Stanley Druckenmiller Biography

Stanley Druckenmiller whose birth name is Stanley Freeman Druckenmiller he is an American investor, hedge fund manager and philanthropist. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. At the time of closing, Duquesne Capital had over $12 billion in assets.

Stanley Druckenmiller Age

Stanley Freeman Druckenmiller was born in Pittsburgh, Pennsylvania, United States on June 14, 1953 is currently 65 years as of 2018.

Stanley Druckenmiller Education

Druckenmiller is a graduate of Collegiate School, Richmond, Virginia. In 1975. He received a BA in English and economics from Bowdoin College where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Bush. He dropped out of a three year Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank.

Stanley Druckenmiller Wife

Druckenmiller has been married twice. In 1976, he married his high school sweetheart they later divorced in 1980. In 1988, Stanley married Fiona Katharine Biggs, niece of investor Barton Biggs, in an Episcopalian ceremony.

        Stanley  Photo

Stanley Druckenmiller  Daughters

The American investor, hedge fund manager and philanthropist has three beautiful daughters namey: Sarah Druckenmiller, Tess Druckenmiller and Hannah Druckenmiller.

Stanley Druckenmiller Career

Stanley began his financial career in 1977 as a management trainee at Pittsburgh National Bank. He became head of the bank’s equity research group after one year. In 1981, he founded his own firm, Duquesne Capital Management. In 1985, he became a consultant to Dreyfus, splitting his time between Pittsburgh and New York. In 1988, he was hired by George Soros to replace Victor Niederhoffer at Quantum Fund.

He left Soros in 2000 after taking large losses in technology stocks. Since then, he has concentrated full-time on Duquesne Capital. He is profiled in the book The New Market Wizards by Jack D. Schwager. Druckenmiller is a top-down investor who adopts a similar trading style as George Soros by holding a group of stocks long, a group of stocks short, and uses leverage to trade futures and currency. He currently holds large positions in Microsoft, Abbott Laboratories,, Delta Airlines, and American Airlines.

Stanley Druckenmiller Book

Inside the House of Money

Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from $1 billion to $20 billion over that time and the performance never suffered.

Soros’s record was made on a smaller amount of money at a time when there were fewer hedge funds to compete against. What is most interesting to me about the breaking of the pound was the combination of Stan Druckenmiller’s gamesmanship Stan really understand risk and reward and George’s ability to size trades. Make no mistake about it, shorting the pound was Stan Druckenmiller’s idea. Soros contribution was pushing him to take a gigantic position.

Stanley Druckenmiller Gold

Selling all of his gold may actually have been a smart decision for Druckenmiller but only in the short term. After the election, it was all over the news that the stock market had plummeted that night. Indeed, the Dow went down by 870 points in just a few hours as the results came in. What didn’t get as much coverage, though, is how, as stocks were falling, the spot price of gold soared by nearly $70 an ounce, topping out at $1,336.70.