Watching Stanley Druckenmiller Interview
- He says to determine state of economy & market, to gain insight into where things are heading to ‘Look at industries, which lead which lag & you put the puzzle together.’
- Druckenmiller says inside of the stock market is
- Home Builders Stocks
- Trucking Stocks
- Retail
- Look up the industry & sub industries to find the names
- 49:42 “I actually think the next four to five years are going to be tailored to the skill set that worked for me in in the 80s and 90s, which was all sorts of macro chaos, and I would encourage them to learn all the asset categories and how how they integrate, not easy.”
- Study what happened in Japan in 89. They are ‘still suffering’.
- Learn about Paul Singer Paul Elliott Singer is an American hedge fund manager
- Robert Warne Wilson (November 3, 1926 – December 23, 2013) was an American hedge fund manager, philanthropist and art collector.
- Beginning with $15,000 in 1949, Wilson bought and sold shares so nimbly that by 1986, when he retired from professional investing at the age of 60, his holdings were worth $200 million, according to audited records. Source