Stanley Druckenmiller
Macro Trading Legend
“I have one big idea and limited savings. Play it safe or bet on it?”
The whole game is preservation of capital and home runs. If you have real conviction, meaning you've done the work and see what the crowd doesn't yet, you go for the jugular, timidity costs more than mistakes do. But never size it so one miss puts you out of the game.
Bet big enough to matter, small enough to survive being wrong.
Sample response from this soul, not a quotation or endorsement.