Legendary Investor Stanley Druckenmiller On The Stock Market, Tax Reform, And His Stock Picks | CNBC
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- Опубликовано: 28 авг 2024
- CNBC's Kelly Evans speaks with iconic investor Stanley Druckenmiller on the stock market, tax reform and his stock picks.
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Legendary Investor Stanley Druckenmiller On The Stock Market, Tax Reform, And His Stock Picks | CNBC
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 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.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Video Segments:
0:00 Introduction
0:04 Expectation of Fed rates?
0:21 Is normalisation under way?
2:16 Should they be aiming for 2% inflation?
3:25 1% inflation is normal?
5:32 Consequences?
5:50 Like Bitcoin?
7:34 Do you own any Cryptocurrencies?
8:20 Bitcoin is the greatest bubble we have experienced?
9:11 A better way to get away from central banks apart from Bitcoin?
9:51 How has the year been for you?
11:32 What happened in currencies?
12:21 How are you setting up for 2018?
15:04 Are you going to hold your FAANG stock?
16:00 Are you short retail?
16:45 You are hanging onto Amazon?
17:22 Why do you like Chinese consumer companies?
18:24 Tesla and Elon Musk?
19:42 What about Apple?
20:18 Workday?
20:50 Has Donald Trump won you over and views on tax reform?
24:07 Would it of hurt Amazon?
24:40 What difference will tax reform make to the stock market?
25:26 AT will be very stimulating?
27:29 Do you support Donald Trump more now?
29:18 Kevin Walsh as Fed chair?
30:26 They should raise rates?
How is this person working for CNBC? She's brilliant! And Druckenmiller is one of a kind.
Best money manager alive.
OMG I watched this interview a few times and I never got enough of this two she is awesome and he is very professional
Kelly Evans is hands down the best business/finance news anchor on all of television. 32 years old and an extremely intelligent, ultra-seasoned professional.
I had no idea she was only 32 here. She looks a lot older, like mid-40s.
The problem I have with Kelly is she basically asks the same questions as everyone else in the media business AAPL/AMZN/TSLA whatever the hot stock is. Notice Druckenmiller is not long AAPL or TSLA. The rest is are you up are you down? What do you think of the tax code ya-da ya-da the same crap!! I could have asked those same questions she did and I have no affiliation with journalism. Besides CNBC more than likely gave her those questions to ask.
best interviewer AND best guest!!!
She's a great interviewer. She lets the person answer her questions. Matt Lauer should learn from her; maybe give him a beginner's class.
Who's he interviewing? Family members? Or does he have a podcast now?
I'm amazed he can think straight with that sweater staring him in the face.
I think he could get her; he makes her laugh and is super smart. Great interview.
paperbacknovel Not with that neck pouch...but she may over look that or rather be blinded by his $$$$
He could get rid of that neck pouch with a little plastic surgery. I think some of it is caused by the shirt buttoned to the top, too.
Rich?! Is that you?!
Bill?
Very wise and thoughtful conversation
Legend
Mr. Druckenmiller speaks the truth. Thanks for having him on.
This guy needs to be the next secretary for treasury.
Honest men don't do well in snake professions
It is unbelievable how interesting it is to listen to this guy despite his extraordinarily monotonous voice.
15:31 "I don't really like hedging. To me, if something needs to be hedged you shouldn't have a position in it."
Johnny absolutely true, transactions only lead to more costs
amazing interview! A legend is speaking the truth.
Greatest investor imo
Awesome job. With amazing questions. Great interview
.
bloopers video = millions views, smart people words = few thousands. So it's normal smart people makes money
Excellent interview... great guy!
Good interview. Great questions, thanks!
Absolute class
Druck as the indian in the Clint Eastwood movie said, "your words are like iron". This applies to Druck one of the very few people in the media I have to say is good to listen to.
Stanley for president.
Insanely smart!
Good questions, really smart host
What a woman!
You have excellent taste my friend!
Great interview.
When you find someone who looks like a genius in retrospect, make sure you listen to them now especially if they have a contrarian view.
Excellent interview. Very insightful
Loved it
Great interview. Asking great questions, seguing into the next question very intelligently, and in general using her smarts to get him to answer a lot of good questions. I like how he's bowled over when she asks him about his anti-central bank stance and still being against bitcoin - you can see he doesn't have a good answer.
Don't bother trying to predict interest rates. A waste of time. Look for growing companies with pricing power and dominate businesses.
Absolutely. Which are those names currently in your opinion?
I wonder if Stan still loves Amazon. It's down about 25% since this interview went to air a year ago. All the FAANG stocks are now down well over 20%. Still a great interview to listen to.
Deflation in the 1800s lasted at least 40 years and the economy grew strongly that whole time. Inflation isn't for the economy. It's for banks and governments
lol that is literally logically incoherent, deflation means the economy going down.
google: define inflation
a general increase in prices and fall in the purchasing value of money.
"policies aimed at controlling inflation"
google: define deflation
reduction of the general level of prices in an economy.
your internet education in economics isn't real btw
"Prices are not set by themselves as a reaction to "inflation""
ya and? i never said they are (i suppose in my comment what everyone in economics supposes, inflation and deflation are the very changing of prices themselves). You're reading something into my argument that isn't even there
Little Cripple oh ya? Did u live back then pal?
Good interview.
10:15 stanley is so happy with his portfolio that he sticks his tongue out hahaha
I like the new tax code and I'm not rich. My tax bracket is going down and my standard deduction is doubling. No complaints here.
We'll see in a few years when your taxes go up (most of the tax breaks for the non-rich are set to expire).
No free launch, 1.5 trillion debt added and the goverment takes less also means you can expect less social services from your goverment unless they add more debt. The rich and the powerful are completely in control of the policies now. Eventually some people will get screwed. Guess who?
The point of view from Mr Stanley is more like from the side of best practice.Most people believe that inflation rate should be 2% because they learn it from economic text book.
Great interview. Druckenmiller is making a valid point about Bitcoin's waste of energy. That's one of the reasons Ethereum is introducing ProofOfStake (instead of ProofOfWork.) Other coins such as Cardano/ADA is running solely on ProofOfStake, which largely eliminates the huge current need for electricity consuming ProofOfWork calculations on computing devices. Hopefully all coins will follow suit in due time.
At that time (innovation period) and 1950's they debt was lower and inflation wasn't desperate.
Deflation is good for productive men who's income has stayed the same for 35 years!!
Ditto: She's a great interviewer.
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HEY PETE! Great call about 17:40. THANKS SO MUCH!!!
If a Fed chair is picked cause you expect him to be easy.
Why would you expect rates to rise much**.
**I'm talking about the Fed's goal for interest rates.
i admire this guy, better than warren buffet
10:00 " What is the question exactly" 🤦♂️😂. Really dont know why he put himself through this interview. Yep the FED is normalizing rates....to ZERO!
shes smart and cute
Very hot. Habernero hot
blableka yea I’d hit it hard
There is not social security problem. The government can meet it's obligations in time, on full, always. The government prints the money.
the problem he doesnt understand is that energy is heading towards renewable and graphics power is always going to be improving and it will also be fantastic when we achieve quantum computing because then crypto mining wont use that much electricity
Stanley, if the Fed is manipulating policy to support the stock market, why not demand they stop the manipulation by ceasing to buy bonds and allow interest rates to rise? Why not start an online petition and send to Congressmen and the Fed Reserve?
2% is a government bailout.
Bitcoin is a medium of exchange. There are many ways to use it as money. I listened to him. He just said to short bitcoin. Good luck with that. You might make 10 percent on the upside, might lose 300% on the downside. Smart.
Short btc on margin for the darwin award.
Bitcoin tanked severely. You proved you're another clueless person making a youtube comment. Anyone who shorted bitcoin profited big time relative to how much they used to short
@@Kennan_Davis what about now
Unless AMAZON can get away with cross state border taxation they should pull back. Too big and too much power they will get knocked off.
1.08% average inflation rate but they target 2%. “Radical Central Banking.”
If your marginal cost of electricity isn’t near zero you won’t be a profitable. So bitcoin is using energy that’s trapped.
"you're talking about humans who I'm not that familiar with" - Funny dude, but he needs to modulate his voice a bit so I don't fall asleep.
NY Professional no one cares what you think.
Low rates are good , banks are making their money
Hi is vindicated on Bitcoins. He better be right on shorting the Dow or else I am losing a lot of money.
Wow...his first down year in 30 years...it's like Jordan missing free throws 10 times in a row.
i am not sure they are emulating...great education for the girl
Soooo.....buy gold?
😅
It doesn't take that much energy to make a bitcoin transaction but that much energy to "mine" it, to have a new one. At some point it is no longer worth it to directly mine it. Once upon a time people could make a living panning gold from mountain streams, not you have to dig deep in the earth. At some point you will have to say "no more" on a practical level rather than a theoretical level.
He sounds druck
Well he may be smart but he can't be right every time... Concerning Bitcoin he come from a generation where very very few people knew what a software is. The reality is that a software get updates and I perfectly know that with the tech that being developped right now will make Bitcoin super ecological, even more than the actual monetary system, and that fees are gonna be near 0. Remember the words from someone who perfectly know what he is talking about concerning Bitcoin (and Stanley know nothing about it... for now)
Lol stfu
No one cares what your false thinks!!your always misleading and incorrect.
FAKE NEWS LOLOLOL