Stanley Druckenmiller: ‘The bubble has burst with a vengeance’

Sohn Conference Foundation, Released on 6/10/22

06:04 Inflation Above 5%
08:56 The Market as an Economic Predictor
14:25 New Tools, New Toolkit
22:13 Crypto’s Effect on Other Asset Classes
25:00 Bitcoin vs. Gold
27:36 Work Ethic
29:19 Mobile Investing
30:36 Conviction and Being “Hot & Cold”
48:30 Stan’s Advice to a Young Investor
51:31 COVID Investment Inefficiencies
53:28 Bias Toward Growth Stocks
57:40 Stan’s Market “Pain Scale” and Possible Scenarios
1:03:45 Macro Pessimism
1:05:21 Bearish and Bullish

Stanley Druckenmiller is an American investor, hedge fund manager and philanthropist. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010 because he felt unable to deliver high returns to his clients. At the time of closing, Duquesne Capital had over $12 billion in assets. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager for Quantum Fund. He is reported to have made $260 million in 2008.