Watch billionaire hedge fund manager Stanley Druckenmiller's full CNBC appearance
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- Опубліковано 6 жов 2024
- Stanley Druckenmiller, founder of Duquesne Capital, joins "Squawk Box" to discuss how he approaches investing as well as his calls on the economy, trade and the markets.
Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or seek advice from certified market strategists.
@@renitamario3720 No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit a 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
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how can you not be a huge fan of druckenmiller... i am just glued to my computer whenever i find a new interview with him
"We're gonna offer you a CNBC Contributor position..."
Druck: and I'm gonna decline it
nbc globalist-PUPPETS.
Stanley Druckenmiller remains one of the great investing minds today, he is one of only two people I want to hear what they have to say when they say it.
Marvin Jones whos the other one?
I can think of a few...
Carl Icahn
Buffet?
prob some other dude associated with quantum fund huh
a full length interview that isnt smashed into a 2 min sound bite.... great job cnbc... this is meaningful reporting
And this is why I listened to the whole thing.
39 years without a down year, are you kidding? WOW
30yrs of insider trading
He said he had many down years in the year but always got lucky at the time the tallies were taken. I have not looked at his 30 charts, but I bet it is not nearly linear, nor always positive. The question I would ask is what is his net over 30 years compared to others. I know it is good, but how good.
@@digiryde I believe he crushes Warren Buffett (even after subtracting his enormous management fee)
-
@@digiryde net 30% avg over the 30 yrs.
Stan once again showing his absolute brilliance through simple statements and straightforward logic. His explanations are incredible
Crystal clear understanding for the climate we're in, not at all surprising that the man is worth $4B+.
I love how he is maximally efficient and precise but even funny and does in no way try to sound smart. He just is.
Stanley is one of the most honest and intelligent voices out there. Great work CNBC, I'm sure Stan is a hard to book!
GOAT
It is refreshing to hear someone who is open about their thought and not afraid to disagree or be hateful to those who disagree with him. Everyone can take a lesson there. Nothing gets better until each of us gets better.
39 years of insider trading
He doesn’t even trade many stocks, it’s mostly currency and bonds this guys legit
can someone please put a muzzle on the feller on the right? less of him and more of anyone else is best
He... is... slow... and redundand redundand redundand.
Likes to hear himself talk like so many of these boneheads. Were not watching Druck to hear some bonehead talk.
Druckenmiller is one of my favorite investors. His thought process is amazing. One thing that could have been expanded upon in the inflation conversation, which was one of best conversations on the media, could have also been not just about free services that were previously paid services, but about the changing quality of most services and products. For example, changes in quality in housing. Housing now the product itself is very different than decades ago: now it is larger, the climate control is superior, the materials used themselves are much better across the board and the optional improvements are much more common (stone/quartz vs laminate). Or you could look at the quality in beer (craft and high end beer is so ubiquitous and so much more available now). Or coffee, the quality has gone from a market solely around canned grounds to incorporating much more high grade coffee beans and roasters: going from WWII coffee to Starbucks to now the independent/high end coffee shops. The examples are numerous like Stanley alluded to. Tracking human progress through GDP growth and inflation are by no means a perfect measurement. Another way to think of it would be if you got to decide when you were born, I’d choose now vs anytime in the 1940’s or 1970’s, or 1990’s: there is an eplosion in entertainment options, diseases that are now treatable and the list goes on. Not recognizing these improvements and thinking everything is getting worse is very inaccurate.
well said
Measles, mumps, even polio are returning. Alzheimer’s and autism continue their mysterious rise. Chemical treatment of the food supply is unchecked and of dubious merit. Fracking is putting water tables in peril just as 5G is doing to insects. All modern conveniences come at a price, some at an awful price. Coffee? Let me know when It gets back to $0.49 cup where it belongs.
@@rokyericksonroks 5G Is horribly destructive
"Comrade Sanders" - He has a sense of humor :)
I knew before I watched the video and before I read the comments that the same guy would interrupt. The only reasonable person that should interview him is the woman on the right
Awesome interview guys...thank you
Someone tell Druck that DuckDuckGo exists.
Came here to say this! 👍
👍
YEah and it;s DruckDuck Dog SH*t
Joe is still the babbling old guy. Why can't the producers just keep him off the air when there is an interesting guest? All he needs to do is shutup and let the interesting people talk. He would do a better job if he did nothing. He literally has negative value.
Kernan is an. Idiot. Get him off the air. What a creep.
Totally agreed. Less speaking on his part is better
But, he’s there to “frame the dialog” and figure out how “deep is the knowledge pool” of the guest. That’s what my producer told me just before I burst into laughter.
Joe K is inept, obtuse, unfocused and boring. Though he may be a nice fellow.
I understand Joe's sense sense of humor.
Having a nice conversation here when she goes "I'm completely confused, do you feel good about things now? Or bad?" before proceeding to interrupt him when he answers...
This Squawk Box team is awful. They always do the same, interrupting the people everyone is there to listen to! So weirdly bad.
Joe has to go
Why? I like him.
Why???
@@greigsanderson he is an imbecile who can't conversate
I'm scientifically, not economically trained. Intuition tells me Stan is a voice worth listening to. Speaks with data and a great deal of humility. Everybody's got an angle but he seems to be a macro wizard. Added to my authorities of bettering my financial planning.
Druckenmiller, Dalio, Buffett, Bogle
CORRECT: We do not have capitalism anymore.
Which country are you talking about? If it is the US, then how do I have my job?
@@digiryde We have crony capitalism. Where BIG Corporations are saved by the government but small ones are NOT.
@@RR-js9kl it's just capitalism. Capitalism is a winner takes all. You think the winners would let their competitors lobby for benefits first and give them the advantage. If we went to pure capitalism eventually it will evolve into this term called crony capitalism every time, because humans will find loopholes to exploit for personal gain at the expense of the systems integrity.
If a by the books stand up politician makes hardly any money, so isn't it in the best interest to sell his government power to someone with enough capital. What's your price to sell out the country $10,000, $50,000, $100,000, $200,000. This type of money is nothing to Titans of industry but would change the lives of these politicians. Does lil timmy need braces, that lobby money sure looks tempting now. One lil regulation change shouldn't hurt. Oh damn the capitalists used that change to enrich themselves and bring the system to it's knees. The capitalist get to prey on the fact that the politician is poor or greedy and we're all taught at the same time to look out for our own personal self interest. Then have the nerve to pull out that patriotic BS like we're one big family that looks out for each other.
@@RR-js9kl Schiff's incessant pessimistic rants have brainwashed you
Gin Martin
..so you ended up agreeing that it isn’t capitalism 😂
“Animal Spirits”. Love this guy🏆
Too bad they still employ the awkward, tongue-tied annoying Joe on CNBC. He wrecks everything he touches with his lack of speaking ability. He never thought of a sentence he couldn't butcher.
He also interrupted
That study about how most Americans would be willing to pay $18,000 a year for Google search is irrelevant when 50% of Americans don't have $400 saved for an emergency.
Completely missing the point, friend.
You aren't wrong. At all. But the point is deeper.
It makes the point you are making even more relevant. It means that people aren't just +400, but in fact, -17,600, and they don't recognize it, because it's being falsely compared.
People look at numbers in their bank account, and not functional capital, be that Federal Reserve Notes, food in the fridge, or the prospects to grow what those notes will buy in regard to that fridge food.
The problem is deeper than you will ever see reported honestly on a channel like this. I've been studying it in depth for almost a decade, and defensively investing for the past 5 years.
The $18k/yr for what is free in the world today IS relevant.
The part after 19:30 is what you REALLY need to pay attention to.
When you hear "means test", and you soon will hear it a LOT more...you need to really grasp how the shadow economy and the $18k google comment relates to those 2 words.
I liquidated my IRAs and 401k once I realized this was inevitable, and have removed those assets from any possible haircut or means test for my access to my ROTH funds.
You are in the lowest tax bracket you will ever see again today.
I like your comment
Lead copper silver gold
That’s the answer
@@SnoopDougieDoug sounds interesting, please elaborate,,,
I agree wiht Druckenmiller about the FAANG companies. We need these well financed company to compete and grow in the new tech sectors. Who else can fund new technology in this high cost research area?
Stanley Druckenmiller for President !!
Joe is a loser. Brings up a clip on Dalio trying to get Druck to take his side against Dalio. Druck doesn't bite. You have a great guest and you have Joe playing schoolyard games.
Timestamp?
Aroubd 35:00 min onwards. Somewhere else he makes another snide comment saying Stan's 'unlike some other billionaires who thinks capitalism is broken'. Of course, this is his words not Dalios. Stan says he did not see the whole video and if he did he would know Dalio did not reduce it to a capitalism vs socialism thing like Joe does, but all the issues Stan raises is the same as Dalio. E.g. raising capital gains tax is NOT going to make people like him or the CEO of google work less harder, so taxing them less is not going to get more productivity. Joe of course dumbs all things down to it's either left or right, black or white, good vs evil like the 4 year old he is.
@@Sojourner88 Dalio and Stanley are geniuses while this Joe is a nobody.
this guys is so smart...
Thanks for the insightful questions Joe....?
love Drunkenmiller. but all they talk about is trade. They pretend to know were this Tiger will jump next, but this Tiger is being gutted out from inside, just not yet fully visible.
He’s spot on about public education in this country @22:10. I’m grew up in one of the poorest counties in the country (St. Landry Parish, La) and saw it first hand.
A great man.
I agree with his take on social security. It's needed, but the rich don't need it. They got the society benefits of there contributions, like a tax take it away.
When I was a kid I thought it was pronounced Drunkenmiller.
39 years without down market (Amazing)
I agree with Stan, if you want to fix inequality start investing in people. The more educated they are, the better they will be. Stop spending tax payers money to bail out banks and failing corporations.
Daniel Purdy I agree with not all college degree are useful. Specially in this electronics age. However, knowledge is power. You can used your knowledge and apply to others thing, even if it doesn’t relate to your field of education.
Get it right CNBC, Druckenmiller no down years in 271 years.
271 years is alot
Joe Kernan's hair-piece is totally distracting me from the substance of this interview. It's about 3 inches too short on the right side of his head. Why don't the producers of the show pull it down? It's very unprofessional, and leads me to believe that Squawk Box is not the show it was 10 years ago.
Mr. Druckenmiller again shows his brilliance to be right at the right time. 1 future contract of 2-year note requires margin 440$ and last week we saw a profit of 440$ in one day, not speaking that he opened his positions significantly earlier. Now all can just imagine how his profit is :)
Congratulations to Mr. Druckenmiller he again beat all benchmarks, brilliant
sounds interesting can you please elaborate ...
@@kiput3647 I opened 10 contracts of 2-year treasury ...The margin for 10 contracts was $4400 next day when I woke up I had on that position profit $4400..Marginal requirements on CME for treasuries are low.
@@pepino1307 wow why did it jump so much-fed dovish on rates?, im learning furures as we speak, they feel like options without the time decay and the minis allow less risk i think
@@kiput3647 We all know that Smart money is in Bonds. There are many reasons one can be Debt Siling, implementing Modern Monetary Theory. Also, companies will have cheaper money... and employment will stay high... But that is one on many ...
@@pepino1307 debt ceiling and MMT are fundamental of course.. do you trade any other derivatives and do you have any recommended resources in terms of futures, appreciate your responses!
This guy made the market go higher today
doesnt make any sense .. what does america save ? they rates have been so low from 1990s . its a very giant bubble and they talk about capitalism
Druck: **does it look like I need the money involved with the CNBC contributor position**
Thank you Stan for sharing your wisdom. You are a true legend. Just on Kodak’s loss of income from the no-printing of photoes and other old economy examples of lost income, let’s take into account the significant cost to buy a new iPhone to get those good photos for free...Now that cost is going back onto the economy and taxes are actually been paid on the company’s profits. Kodak’s loss is Apple’s gain...
he only understands the old manipulated system this is why he's popping up everywhere saying he doesnt get what's going on, you and your money has been saved by trump
Druckemmiller like a boss.
I get that he likes GOOGL. But the user is not the customer. The user's data is the product and other businesses are the customer, looking to use that data to target their own customers.
He says we could solve the entitlement crisis if we could just hold entitlement spending steady, but the share of the population that is "entitled to entitlements" is growing by the day as the population ages.
What we need is stable FN money. If we had stayed on the gold standard, governments and banks wouldn’t be able to run economic terrorism. money would hold its purchasing power, the Wealth gap would be minimal and every day Americans would be is way better shape.
Yep. LBJ’s Great Society starts in 1965 and by 1971 the $USD is taken off the gold standard. It’s all been fictional bs ever since.
Stan should be on the Fed. 14:35
$3-4 Trillion of real estate advertised on Zillow each year. No advertising fees to have your house appear on the platform.
Insider traders don't need any luck.
use the term "luck" is a sign of humility, maybe a word u don´t know 😂🔔
Media businesses are in the business of making money from inside information- quite legally! It is not a democracy, after all; you do that on Wall Street, and you're going to jail, even though you are making money for other people (unlike Media that only make money for their own businesses).
Wish that woman would quit interrupting him... and the other two love to hear themselves talk.
39 years without a down year? holy...cow. 30% per year return.
Peter Cheng Animal Spirit Legend..
NO! lol dude Stanly was wrong on one thing.
Jeff bezos
Sergei
Mark zuckerberg DO worry about capital gains tax. it is what stopped them from working as a normal employee.
It is called incentives.
What a smart man!
30% annual return for 30 years with ZERO down years. Would turn $1,000 into a little over $2.6 million. That’s incredible. If you were to do one Roth IRA contribution of $7,000 and get that same return over 30 years, you would end up with a little over $18.3 million tax free. 😮
@@btw-3006 $100k into $330 million!
Billionaire manager - "I don't know, I don't know". O_o
Well, read FA Hayek and you know the guy is right.
Get rid of Joe.
Joe has to go.
Great Post CNBC! Druck is always on point. He has been consistent through the Trump presidency when everyone else seems to be floppy.
SS is not an entitlement, it is a retirement account. Most people depend on it. The fact that the very few rich don't need it should not dictate removing SS.
CNBC talking heads need to put up their hands before speaking, and if Druck decides to pick you, then you speak.
Stans on their show, so I disagree. They work the way they work. Treat everyone the same and keep the programme the same.
"charter schools that don't perform should be shut down"--then he says, "I think headstart is a great program," even thought Headstart's failure to accomplish its intended effect is well documented, and the few benefits it does provide are meager compared to the cost. Where is Druck's consistency?
Head start is not just for disadvantaged children, but also the barely literate "educators". One-eyed leading the blind. That why it really makes little difference. Some children are already disadvantaged before they were born, soon after they were born, or as soon as they were walking. Mothers education level, life philosophy, nutrition prior and during pregnancy, and how much love and attention they gave the children after birth.
Yes, all very true points you’re making.
Hey Stanley, I wouldn't pay a dime for a google search and if the adds continue to pile up on youtube, I won't need to watch it anymore either.
all these people popping up all butthurt about their global economy being undone and whining about not understanding anything anymore
35:10 he said clown car and then he said sorry i mean democrats ://// ???? Am i hearing right?
Guy's a robot picked it first hahaha
CNBC - Check National Health Service in the UK and the National Health Fund in Bulgaria, both a disaster for both patients and medical workers.
"giving everyone a shot" will not reduce inequality--it will make inequality more extreme. If you want to reduce inequality, then you need to reduce opportunity. If you give everyone an equal chance to achieve his or her potential, you will maximize inequality as a result. Equal opportunity and equal outcomes are fundamentally incompatible.
Wish more Moms would get paid to homeschool and preschool their own kids also. A study showed early separation of boys from their mothers may cause some of them to be more violent. Moms are the most underpaid people in America. $0 per hour for raising the kids of the future. Yes they do it for free out of love anyway but a little pay would give more options to spend more time with their kids. And many moms have 2 jobs! They dont get into politics much since they dont have time or money. There are no lobbyists working for moms. Sure low wage employers like some moms getting free daycare but that's just to make their wages less by oversupply to the labor force. Paying them to care for their own kids would be much cheaper for the government but would make wages rise at mcdonalds and walmart. Workers would make higher wages and more Moms would be raising their own kids, all for less cost to the taxpayer. Congress only cares about the big corporations that need low wage labor.
Stanley, do you remember Benny Lemansky at Nemacolin Woodlands? The golf belt? What are we talking about here?
This guy is totally right about deflation not necessarily being bad, except we cant allow because it makes the 20 trillion dollar debt to expensive, so Joe Shmoe has to pay more for groceries at the store.
When 800m is the largest philanthropist…..
GDP "effects" are meaningless for investment decisions, if it doesn't move any money. If the added photos taken with all the better cameras cause an actual movement of money, show me where it's going, so I can see if it's a good place to invest my money.
Also, you don't need Huawei for 5G. Nokia and Ericsson have great 5G equipment that can be used to deploy 5G around the world just fine. Besides, we have to assume there's a secretly-deployed "E.T. Phone Home" chip or three embedded in the Huawei stuff, and what sane nation would want that?
Just for your info, Stan knows shit about photography. The most advanced cell phone camera today can not match the quality of kodak film. Photography became so popular no bc cameras are better, but bc cell phones do all the photography for you, including all the grading and the uploading. They allow you to be the imbecil you always were, but with good pictures. In turn, 99% of these pictures taken today have no value of any sort, other than the personal meaning attached to it which will only serve a purpose: to have something to post on social media in order to show your life has some kind of meaning and it is about something. Talk about productivity and GDP.
The OLD people will “Can” bankrupt Americans system after they paid in social security their ENTIRE LIFE ? That applies to my grandfather and mother etc.....
How to embarrass a billionaire. "OMG is that a USED jet?"
He say his win in earning not from the club meeting
The look on his face at 1:00... Fuck sake.... give me $1000000 account and ill light it up..!
I like the DuckDuckgo search App
❤ styler boblag ynpueto sentensia
This is one smart fellow. Why are we debating socialism v capitalism? We know how that movie ends.
Since John Maynard Keynes et.al we have had a mixed system, the social-market. We thought that was case closed.
Mark Freeman keynes is about as bad as socialism. Look at Japan. When the gov grows too big it just ruins the economy
@@ryanm1630
Sir, with respect. We are all Keynsians in a Foxhole.
ua-cam.com/video/qtAeINU3FKM/v-deo.html
Mahall apear fron polisi.
"Comrade Sanders"
Capitalism yes but like in Northern Europe. They have universal healthcare and excellent education.
Iwona Lizurej their education is a product of their culture and demographics not their economy.
Deuante Kelly I’m referring to quality of education in public schools and access to universities and polytechnics.
Rain forest pygmies in equatorial Africa have the world's most equal, and poorest, society. Inequality is the price we pay for civilization.
Poorest thats your ignorant opinion. They don't have war and live very happy lives with lots of love. They will share and respect anyone who enters there society. They don't pollute or destroy nature for profit. So yeah
Out of chaos comes order.
If I could say it in Latin, it would sound more elegant but you would miss the point.
My investigation for CIA!!! Waiting for the payment!!! Read below...
CNBC why do you still have that complete pratt on the right working for you? Fail.
Bernie is like a 18 year old child who never grew up.
Ummmm, how can so many educated people conveniently fail to realise that the US is sanctioning Venezuela. Do you think this has nothing to do with those missing 30 pounds from Venezuelans?
I dont even know why 400 milloin people in american can 't use your tax to pay me saraly about the 10%that we duel actuclly i fin about protrotpye to show you on mac book air of cususe you think it gonna free again that i gived you see it nice product on the market while i can check it all old thing .
Seems like every whiner on the planet showed up to comment about some person in the video or how the system is unfair. If you spend half your "whining allowance" learning and applying it to bettering your life, you just might have less to whine about. Yes, even you.
Just don't use Facebook! Your life will actually be better. Google search and apps is way more stickier.
Google is the devil
Hands off the funds we spend our lives paying into. Take from pentagon and corporations who hoard and waste money
I don't if it's his age or intellect but the guest just can't seem to get his point across.
$LINK is all Stan needs to know about the future of global commerce.
....and how it can be accurately measured.
Not on facebook anyway...
Animal spirits. lolz 😂
I think drunkenmillers track record is bullshit! he's sugarcoating it way or another.
GME to the Moon🚀🚀
Treasury’s are now going down. I’m buying all foreign currency’s and selling dollar pairs.
AMC 🚀
I'd happily marry Becky and share her with her husband lol.
I love me a Becky
google is not free.... you pay with your data and by looking at ads...
@chris topher can't use duckduck go for videos on phone app
Bonkers Bernie
What is "net flat"
Seamus T not loan stocks not short stocks. Net zero direction
Long*