American - Businessman | June 14, 1953 -
If machines do everything well, including allocating capital and resources efficiently, can that be deflationary, can that eliminate poverty? I don't know. It's hard to be very optimistic if you look at how humans have behaved historically.
Stanley Druckenmiller
PovertyYouLookKnowHardWell
Bitcoin is like anything else: it's worth what people are willing to pay for it.
PeopleWorthPayAnythingWilling
I don't like the repeal of the estate tax.
TaxEstateLikeEstate TaxRepeal
Carried interest... you're making money on somebody else's capital. It's not on your own. If that's not income, I don't know what is.
MoneyMaking MoneyYouKnowOwn
I don't put Tesla in the Amazon category. They have not proved to me that, as a financial model and an economic model, it is going to work.
WorkMeFinancialEconomicGoing
I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.
MeYouPositionSomethingLike
You can be far more aggressive when you're making good profits.
GoodYouAggressiveMoreFarMaking
I love Amazon.
LoveAmazonI Love
I think Bezos is incredible.
ThinkIncredibleI Think
Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.
SeriousBubbleAssetEveryThen
I don't think Donald Trump is Ronald Reagan.
ThinkDonald TrumpTrumpDonald
In my experience, the more successful an idea is, the easier it is to fund it. In philanthropy, it's almost harder.
ExperienceMoreSuccessfulAlmost
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