Druckenmiller on How AI is Dominating His Long Portfolio
Вставка
- Опубліковано 2 чер 2024
- Stanley Druckenmiller, Chairman & CEO, Duquesne Family Office speaks with Bloomberg’s Sonali Basak at Bloomberg Invest New York 2023.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: www.bloomberg.com
Connect with us on...
Twitter: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
Kudos to Sonaly for a well conducted interview, allowing Druckenmiller to speak freely without interruptions.
Agreed. She was excellent
Min 13:20 "It has not happened, so when will it happen?" That certeintly is excellent. A 9 year older asking parents. Who can time the market? What type of question is that?
@@majidabdi9743 cry
That voice is like fingernails on a blackboard. Bloomberg is hardly profound.
She did nothing - which is probably best, where she interjected, she added little value.
Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before.
@@EmiliaAbelard Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth
@@KangMinsu122 Mind if I ask you recommend this particular c0ach you use their service? I have trouble knowing when to buy or sell.
@@jonathanburtnick Personally I work with Viviana Marisa Coelho a registered Investment advisr. Quite renowned, search her name to get in touch
@@KangMinsu122 I looked up Viviana Marisa Coelho online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-markt
Well I'm in deep shit then not even close to that number to retire and I need to retire in the next 5 years!
Sonali conducted a very intelligent and relevant interview. She is an excellent listener and an excellent questioner. Druckenmiller tried to avoid predictions but Sonali managed to make him share his views.
Can @Bloomberg make a playlist for Bloomberg Invest 2023 videos? Would love to watch them . Couldn’t attend in person due to work commitments.
Excellent interview. Well done.
I love human beings who are smart enough to able to be honest/forthwright in the manner of their public speech(especially when they are famous anyhow)...REFRESHINGLY INTELLIGENT
Stanley is the best!
This reporter is drop dead gorgeous
Yeah she's just about perfect
@@sincitycapital she could drop a log in my mouth
Would love to see an analysis of the Sanders/Warren plan to shore up SS versus these projections.
Nice to see some intelligent conversation and some real reporting on the real issues facing this great country
Billionaires always talk about cutting entitlement but they always skirt around increasing taxes. If we are talking about cutting entitlements, they should be ready to pay more taxes as well or we meet somewhere in the middle.
He said that the US would need to increase taxes by 40% with current entitlements
its already a 40-50% tax rate depending on where you live..... there's no room to increase it.
If you cut entitlements, you can lower taxes. It isn't the governments money to transfer from one individual to another as they see fit.
@@blackcamel1872 i dont think lower taxes is even on the table, it's just cutting entitlements to save the gov $ on interest
He is stating the obvious. You can look at the data from the govt. We have spent our bank accounts. At the very least SS needs to be means-tested. And, it is interesting that you call them entitlements. SS was always meant to be an insurance policy. Not an entitlement. Almost everyone that contributes thinks they have contributed and earned via interest, way more than they actually have. That aside, something has to be done. Whether it is policy or inflation this will be resolved. When you are out of money you are out of money.
Great speaker!
I like Mr. Drunkenmiller. Would love an opportunity to sit down with him and pick his brain.
Phones perhaps, but not the technology behind them.
Great questions and let the man elaborate!!
Love this guy and sonali
Seniors always vote. They won't cut entitlements. The govt will issue bonds and the Fed will buy them under a yield curve control YYC policy. Japan is our guide. If they can have govt debt at 270% of GDP, then why can't we?
Me. Munger talks about this… he says they are a more focused and cohesive country than ours and did what would destroy most countries
Thank you fir mentioning Bobby Kennedy. The momentum is building and he’s not as crazy as you think. Hes is for the people and is capable of actually draining the swamp.
He did not say only what is known in public,,,,,,its the secrets that will be the game changer ,,,,,,200 billion for twenty years in dark projects,,,,,,,,,,,Al could be around for decades like we would know
Illuminating. Bloomberg FTW.
Good Interview
20:05 NVDA
Good interview. Frank response. 🤔
Stan, bro, thanks!
He is THE BEST person to follow BTW.
Well, the problem with your prediction is that you don't have specific time fame when it will happen. If you are going to just say it will happen, then anyone can predict that.
not really. he is being very specific about his prediction. he doesnt need to give a time frame- probably doesnt know, and doesnt need to in order to be right.
More like a side gig he said before a month ago or so he got zero client to manage
@@BrandonRodriguez283 Stock market will crash the future.
@@luckyriver77 So go short
@@BrandonRodriguez283 time is the most important thing in investing!!!!!!
Most seniors paid into the system all their lives! The problem is entitlements for those who haven’t contributed to the system..easy for him to want to cut money for seniors being a very rich man.
you didn't pay shit
great to hear some honest answers too bad interviewer wasnt top of her game
He says it himself. He was saying this same thing 10 years ago. People have made fortunes being long since then. So how long does the music play? Another decade? And another decade…
Retiring Baby Boomers? Unfettered immigration followed by crushing taxes to pay for both? The next 10 20 years couldn't possibly bring booming debt and asset markets.
Krispy Kreme Chris Christy for President & NVDA to the moon 😂 Some oracle.
Great idea
Honest opinion! Rest all are FAKE GURUs!
As Guy @RiskReversalMedia says (who I don't think is a Druckenmiller fan) the cheapest thing we can do is - listen. Sonali is a pro! Tom K and Matt - watch your backs!
The market rally made big gains last week, I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Stanley, I'm not so sure your statement on the US leading regenerative AI. You may need to look at Japan or China for that.
this entire interview may me very bullish on gold...... and i'm not sure it's mentioned once.....
Every person should drop what they are doing and listen when Drunkenmiller takes the stage.
He is a legend
Wonderful interview and subject. He has clarity even if he denies it with his warm self-deprecating manner.
13:09 strokeface smile
Could just be Bell’s palsy
Vaxx induced bells pallsy
$PLTR with a 20-year he’d start
amazing way to make some money for everyone who need it
So this guy puts 150 million ppl in one box and lables it "dont care about policy"? What a clown
Im staying away from Nvidia, i think the AI hype is real, in fact i think its underrated... but(!) I also think nvidia is currently overvalued and Im actually waiting to short it.
I said the same thing about Amazon for years. "It's a great company with great potential, but it's over-valued"...I waited for the price correction so I could get in...and I sat on the sidelines and watched lots of people I know make a ton of money off the "over-valued" shares they bought. I said the same thing about Tesla - with the same results. You have to consider and evaluate future demand. Everything AI needs what NVidia does - and nobody is close to NVidia right now - they have a huge head start and a huge moat. Yes, that may change over time. And yes, there may come a time when NVidia may not have the dominant position and/or the huge demand for their product. But that isn't anytime soon. If you are waiting to short, you may be waiting 2 years - like Druckenmiller said. You even state that you think the AI hype is under-rated. So unless you see another company putting out better/faster/cheaper alternatives, Nvidia is only going to continue to grow.
Amen
@@jimbowen8973 Apples and oranges
How are u feeling now?
@@rehimh6756 the same. but thank you for your concern about how i feel now?
Dear Stan,
with all due respect; Europe lead the mobile phone innovation
He meant mobile computing
I work in AI and he is not wrong but his time frame is way off
what would you say is the time frame?
Way off meaning it will take longer or it's already here?
A.I has been here for 8 years alrdy. Just that they're re emphasising and getting us schooled on how dangerous it is that we have to see it to prevent it. Its mass protest required.
This title Bloomberg gave to the video, as if the AI thing is the most important thing he said in the video.
That tells you something....
220 trillion dollars 😐
SPLENDID
25:07 lol
With all the so called experts and great interviewers, society is still in turmoil. The human destiny is going down the tube. Chill out on the compliments until we see results
As him how his GE Short went?
Billionaires can do dumb stuff
Nobody’s right all the time. 🤦♂️
You forgot to mention that in his entire time in public fund management he didn't have a losing year. Druck is the goat bro sit tf down.
Constitutional convention now on our phones
AI tech Growing...* HLGN... Heliogen. Tues Press Release. 1st City contract for Hydrogen Supply from Solar using AI Tech. Up 10 % Early Today. * FFIE... Faraday Future. New FF 91 aiHypercar Production launched in May. * LILM... Lilium Electric Jets.
Buy now when the move already happened on NVDA. Haha.
Is always funny listening to Billionaires talking about entitlements after the last 20 years of free money that saved their skin. To be fair, he admits that though.
When these videos come out it means get out of the market ( or tech stocks)
If you want to know what will happen with the debt just look at what happens to people get in over their heads with credit card debt.
New York on crack no pun intended
he's a trader. he will dump AI stonks as soon as the technicals turn against him. could be 2-3 years as he says, or 2-3 months
Why do he put coupang as his no.1 or 2 position then? The technical is bad
Why don't we just cut your bonuses and entertainment budgetsand you pay fair taxes?
23:48
Why doesn’t the USA income test the entitlements? That was you protect the most vulnerable & those that can afford it, aren’t at risk?
Thank for you opinion,,,,,,,how it makes sence is what the billion classified docs ,,,,,may shock everyone,do to the wheels of knowing this day would come ,,,,,,no telling ,,,,,,you think man is the first to make AI ,,,,,is a good question we all need to ask seeing we have had help by a grand designer we have been copying for years
The world is in a tough place right now, he’s right
1:34 dude look at the job market, there are soooo many job openings. Doomberg literally harp on this crud daily. thankfully AI will help alleviate this pressure and US (or anywhere with cheap energy) will prob become the services hub of the world and our GDP will rocket to infinity. that's without the renaissance in robotics that's right around the corner (thx to AI Vision). im only 8 min in and im loosing it XD T_T
glad I stuck around
Okay
It's all very exciting and interesting to forecast doom and gloom but it's a horrible investment strategy.
Please give us a better investment strategy. Thank you.
@@gary3510 he even said so himself in the video shorting is fun but you can get your ass handed to you. He lost $600,000,000 on a $200,000,000 short bet in 1999. You think you're smart for being a Permabear? They are never profitable.
@@sincitycapital I wasn't disagreeing. I was curious to your personal investment strategy in this environment. Thank you.
@@gary3510I believe he is suggesting to remain invested in a broad based manner for the long run. Watch these interviews for interest sake but don’t make investment decisions based off emotions or market sentiments.
I retried from Wall Street at 50 off stupid money was never obsessed
Stupid money - you mean retail clients?
@@jeffbeck8993 institutions made money off them too just look across the board how they bought stocks at the peak levels in 2021 …none ever hedge the bets ..a whole new generation unprepared for decelerating stocks gapping down getting slaughtered …” Brilliant money makes money 💰 off Smart money and Smart money’s money makes money off STUPID MONEY 💴
😮
Bubble cheerleader
How long is his portfolio? 😂
Crikey Druck. He may have to pay some tax. No wonder he's worried.
There trying there best to bait retail traders back in hyping things that have been here the whole
Predictions like his thesis could come true eventually in a couple hundred years more or less; and I make that prediction with a 75% confidence level.
It’s not like he’s predicting a random event. Given the current debt burdens it’s an expected event.
When dealership denied me I give reconditioned an tell the cars or bank that denied me bad recommendations an you cash 21 dollar tax fruad at wells Fargo in Turlock CA I did cash you are working with fruad people
When Social Security started, you could live well on the payments without any added savings. 62 was full retirement, I believe.
They will tell you people live longer now.
But is that truly the reason?
What I'm saying is they could make social security solvent if they wanted. Increase the amount of earned income tax base for one thing. Get rid of Medicare supplements taken out of social security. Stop the abuse and fraud of both. Pay out on a curve for receiptants based apond their taxable income.
And better management of the fund. These are just a few things that could be done. You don't have to just assume the worse or major cuts. No. It's terrible that people like this guy state there's only one option. Many options can be taken, but we don't have enough competence, humility, morals, compassion, and wisdom in Washington DC representing the common man.
Or just raise the retirement age.
To 99 years old
Amazing how these trillionaires want to take $ from the little guy
Usa screwed
then how fucked is everyone else
How?
Just listen to you you already said even you are right Obama etc … now whoever gives
This dude needs to enroll in Cambridge learn elocution who cares about your billions you not taking it with you and you mortal obsession is absurd
Interruptive host
Sonali is annoying
This conman peddles doom and gloom whilst at the same time BUYING STOCKS!
Same like Bitcoin next year ai stocks will be shorted mark my words😂
His face looks very soft, is everything okay with him.
🧞
: "Stanley Druckenmiller: A Fossilized Visionary Stuck in the Past"
In a world fueled by technological advancements and driven by the pursuit of a prosperous future, it is both amusing and disheartening to encounter individuals who remain oblivious to the wonders of modernity. Enter Stanley Druckenmiller, a relic from a bygone era whose understanding of technology and economic initiatives appears to be trapped in a prehistoric time warp. As we delve into his lamentations, it becomes clear why major leaders turn a deaf ear to his consistently misguided predictions. Brace yourselves, dear readers, for a journey into the abyss of Druckenmiller's ignorance.
While the world embraces groundbreaking innovations like self-driving cars, artificial intelligence, and cutting-edge space exploration, Druckenmiller seems content wallowing in his antiquated musings. Perhaps he still believes dinosaurs roam the Earth, blissfully unaware that the rest of us have evolved. It's as if he's trapped in a time capsule, unable to grasp the astounding advancements that have reshaped our modern landscape.
The concept of investing in infrastructure to lay the foundation for a thriving economy seems to be lost on Druckenmiller. He sneers at the notion, oblivious to the fact that robust infrastructure is the lifeblood of progress. Roads, bridges, and sustainable energy not only strengthen our economies but also enhance our quality of life. It's almost comical to witness his disdain for such sensible initiatives, as if he possesses a secret crystal ball that reveals the dire consequences of neglecting our physical foundations.
What truly grates on the senses, however, is Druckenmiller's audacious complaint of being ignored by major leaders. How can one expect to be taken seriously when their predictions consistently miss the mark? It's as if he believes that a broken clock should be consulted for the time. In a world that increasingly values expertise, evidence, and reason, Druckenmiller remains a relic of a time when unfounded gut feelings held more sway than intellectual rigor.
To be fair, there is a certain nostalgic charm in observing a fossilized creature desperately attempting to navigate the complexities of a rapidly evolving world. It's like watching an old black-and-white film in an age of high-definition spectacles-endearing for a moment before the harsh reality sets in. Druckenmiller's irrelevance serves as a stark reminder that progress waits for no one, especially those who stubbornly cling to their archaic ideologies.
As we bid farewell to Druckenmiller and his anachronistic prophecies, let us take heed of the lessons he unwittingly imparts. The world moves forward, leaving behind those who fail to adapt and learn. Let us embrace the wonders of our age and look confidently to the future, for it is in the realm of innovation and visionary thinking that true progress thrives, leaving the dinosaurs to roam their desolate plains.
.