๐จ STANLEY DRUCKENMILLER ON LOSING $600 MILLION SHORTING STOCKS THAT EVENTUALLY WENT BANKRUPT:
"I shorted $200 million worth of internet stocks in March of '99, and in three weeks covered them at a $600 million loss."
The kicker:
"I was short 12 stocks. They all went bankrupt, every one of them."
Why the math is against you:
"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."
"Don't try that at home."