ATMM retweeted
The hardest trade is sometimes the one you don’t take.
Price moves.
You watch.
You wait.
Not every opportunity is yours.
Discipline means being okay with missing out.
Stan Druckenmiller wasn't sure the pound would fall. He bet close to $10 billion on it anyway.
1992 he was running money for George Soros. The Bank of England was defending a currency it couldn't afford to defend.
Stan admits he wasn't certain. But he understood the risk/reward.
His point is simple: the great investors almost always had someone great teaching them early on.
The hard lesson is to find the best person you can learn from and get close to them. It saves you years of expensive mistakes.
Legend.
You need that tweaked sense of risk to make it.
The moment you face the problem and say
“Fuck it. I’m just gonna figure it out.”
Most people never get there.
They stay negotiating from weakness, waiting for something safer and easier.
Your life is fully on you. If you’re okay with competition, you still go anyway.
That’s the difference.
Sometimes I wish I could ask my future self if all this worrying was worth it.
Then I remember the biggest people are the biggest losers.
They fail publicly, lose, and come back. That's the price you pay for experience no one else can give you.
You're in the middle of the process that builds the ones who win.
All in God's hands.


















