In January 2015, Druckenmiller revealed the secret to his success during a speech at the "Lost Tree Club," a country club in Palm Beach, Florida. He said one of his early mentors who worked at Pittsburgh National Bank helped shape his fundamental views on investing.
"He taught me that you have to visualize the situation 18 months from now, and whatever that is, that's where the price will be, not where it is today," Druckenmiller said.
"Never, ever invest in the present. It doesn’t matter what a company's earning, what they have earned."
Source: Speech Transcript