STANLEY DRUCKENMILLER: "I SHORTED $200 MILLION OF INTERNET STOCKS IN MARCH 1999. IN THREE WEEKS I COVERED THEM AT A $600 MILLION LOSS."
"I was short 12 stocks. They all went bankrupt. Every one of them."
He was right on every single pick. Still lost $600M.
"If you're dead wrong on a long, you can lose 100%. If you're dead wrong on a short, you can lose 10 times your money."
"Frankly, I'm not sure I've ever made money in shorts. I've never had a down year, but I'm not sure I've made money in shorts. I like it. It's fun. But you can get your head handed to you."
"Don't try that at home."
Apr 15, 2026 · 9:25 PM UTC
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