Stanley Druckenmiller

T2Investors Recommendations Global macro and market cycles

Founder, Duquesne Capital 1981-2010; lead portfolio manager, Soros Fund Management 1988-2000

One of the strongest public macro records on record, but he has written no book, so there is no primary text to build on.

1 letters · 3 articles · 1 books they recommend

Letters 1

www.ft.com/content/6f1ca310-aaf8-11df-9e6b-00144feabdc0

There is no Druckenmiller letter archive, but one letter is public in full: the August 2010 letter to Duquesne Capital investors announcing that he was closing the fund, whose complete text the Financial Times published. Duquesne Capital Management closed in 2010, and Duquesne Family Office manages only his own money, so there is nothing to write letters about. His public record is speeches (Lost Tree Club 2015, Sohn, USC, Economic Club of New York) and op-eds.

Text of Stan Druckenmiller's letter to investors (closing Duquesne Capital)2010 · FT paywall; the full letter text is reproduced in the article

Articles and essays 3

Let the Bond Market SpeakThe Wall Street Journal, 2026
The Asset-Rich, Income-Poor EconomyThe Wall Street Journal, 2014
Generational Theft Needs to Be ArrestedThe Wall Street Journal, 2013

Books they recommend 1

Quoted by Investment Masters Class on the book that shaped his macro philosophy.

Druckenmiller on discovering Soros was already running his philosophy 1

Investing 1

The Alchemy of Finance

George Soros

source

“And then I read The Alchemy of Finance because I'd heard about this guy Soros. And when I read The Alchemy of Finance, I understood very quickly that he was already employing an advanced version of…”

Where they publish 1

Investment Masters Class book recommendations