Sohn 2023 | Kiril Sokoloff in conversation with Stanley Druckenmiller
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- Опубликовано: 1 июн 2024
- At the 2023 Sohn Investment Conference on May 9, 2023, 13D Research & Strategy Founder Kiril Sokoloff spoke with Duquesne Family Office CEO Stanley Druckenmiller about the future of investing.
This session is presented by Sohn 2023 Corporate Sponsor: Tegus
Guys its 2023, you’re interviewing a legend here. How can you not take care of the sound?? Other than that, amaizing content
his mic is so stupid
To be fair, these are business men not twitch streamers. They don't have a shure sm7b clamped to thier Oak desk. Similarly, performing professional post processing on audio may cost more than the video brings in, in revenue. So... Do your analysis.
Hard argue with that sound is very poor
Sound is very low on the Interviewers side,Still an Excellent just hard difficult to here the questions. The answers are Loud & Clear❤
As bad as th Beatles White Album’s initial release. Tragic
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
You will need a strong FA to help you through the current market turmoil. I've been talking to an advisor for a while now, mostly because I lack the knowledge and energy to deal with these ongoing market conditions. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@graceocean8323 Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@@hannahdonald9071 My Financial Advisor is JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@graceocean8323 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
The best FA out there is King Tu Tu.
The economic crisis and downturn are all the signs of 2008 market crash 2.0, so my question is do I still save in the US dollar or is it okay to move all emergency and savings to precious metals?
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@corrySledd true, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@AUstinnesc Can you leave in details about your investment advisor here? I’m in dire need for one.
@@Blitcliffe My advisor is NICOLE DESIREE SIMON a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@@AUstinnesc After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will replies.
Use cc when sound is poor. Druckenmiller and Sokaloff are both legends. Good high level conversation.
what is cc????
@@robertsmith37 Closed Captions
Great advice for drivers 🙄
@@bekster5 Even better advice is concentrate on driving.
About those millionaire an billionaire buy just a decent mic ?
"When you have free money, people do stupid things. When you have free money for 11 years, people do really stupid things." - Stanley Druckenmiller.
Druckenmiller is so enjoyable to listen to. Encompasses a wide range of economic issues and is so truthful about predictions being just that. Other "experts" think since they have convictions that they know the future. And most media outlets never return to those predictions and point out how wrong they were. And as others have said, it's such a shame that Sokoloff's audio was so poor.
Thank you for this interview and sharing it for free on RUclips. Its greatly appreciated.
Please help Mr. Sokoloff get his Audio/Volume higher on future videos.
It’s always a dead giveaway that you’re dealing with greatness when so much humility and self awareness is shown
Hes ok
A real privilege to have this access these days. We are very lucky. Thanks very much for this.
Play hard, land hard. That's a reality, i learned the physical way.
Can't believe we get to listen to such a great person like Stan. Everyone should listen to Stan's SOHN interview a year ago and see how more right he was then wrong
It is a privilege of our times that we can access such minds.
He sounds like he's positioning for a hard landing, so what does he see the Fed doing that keeps him out of the long bond?
@@hill2750 He has better ways to hedge than we humble plebs. I'll look to hide in TLT by Q4 into 2024. Stan's probably looking at credit default swaps.
@@shumbi11Very interesting, I'll need to give it a look
@shumbi11 what are you buying in your 401k? I already started with the bond purchases last month and plan to keep buying mid term bonds until Powell drops to 2%ish
The misuse of monetary policy has caused massive wealth inequality.
When Stanley Druckenmiller speaks, you listen.
This was a great interview by Mr Sokoloff, letting Mr Druckenmiller speak but still steering the converstion to a fruitful outcome, which is quite frankly not that hard with Mr Druckenmiller. Thank you for publishing this interview.
Only thing is he is short the dollar however, the dollar appears to be bottoming unless it is a fake out.
Pavlov's dogs. 20 years of fiscal fantasy growth, Stan played his hand. Now the casino is on fire, you opt. to listen to a veteran deserter. (Decided years ago to support oligarch growth at the expense of the commons. Well, it is the bottom of the 9th, two outs, 2 balls, 2strikes... Swing batter! 😂
Great discussion! Only negative was that Sokaloff was inaudible at parts. Not sure if he just mumbles or if it is due to other issues
Raise taxes. Don't cut entitlements. Raise taxes. The upper tier can afford it.
What were tax rates after the 30s? When America 'did ok'
Sokoloff audio is terrible, but I can listen to Stanley all day.
I am so glad you share your audiology assessment with us and that you were able to listen to Stanley atleast. Thanks god for that! How was your day otherwise? I am worried about your breakfast as well. Would you like to share what was 'terrible' there and what you could eat 'all day'? Could be huge, if true!
@@simrans3675 ur not real
@@CarsInAction1 Neither are you :-)
@@CarsInAction1 Also, it's 'You're', not 'ur' - must be a Gen Z loser, at best!
@@simrans3675 If you actually listen to Kiril's audio you will have your answer. it is obviously poor quality which is why so many comments below.
Amazing questions. Really thoughtful
Thank you very much for uploading this wonderful dialogue.
What a great combo on this one wow. Legendary.
Thanks for putting this up!
Billionaire investors both having no clue on computer audio equipment. Got to love it.
Thank the Lord Jesus Christ for your blessings. Glory to God
Great questions, great insight, perspective & balance for us to take away & digest & come up with our own conclusions/ideas. Thanks Henry Padilla for the idea to turn on cc when sound not so great at times.
Excellent interview, thank you for sharing.
Probably 1 of only a few traders I ever listen to. A true legend.
What an interview! Thank you so much for your insights Stan!
Thank you Kiril and Stan. This is so insightful.
Incredible insight thats easy to understand even for the regular folks.
48:57 possibly the most emotion I've ever seen Druckenmiller display… The extended eye blink 😂
I think he was just looking down. But yes the disappointment is profound.
kinda like the background and how it fits with drunckenmiller's deco. Might considerer using it myself
The US Govt needs many more minds like Druckenmiller's to be involved in educating our policy-makers. There's a reason billionaires become billionaires - cos they are VERY, VERY smart. Let's use their intelligence and experience to get all views considered BEFORE huge sweeping govt policies are put in place - like the idiotic Green New Deal.
Wonderful interview. I'm glad I spent this hour with so much experience and wisdom.
Thanks Stan and Kirill, amazing interview!!!! Stan is right about weakness in trucking which nobody really talks about.
I am a trucker. We are getting killed. I don't think it's a profitable business right now. 80k for used truck, it breaks down, 20 more k for repairs. Low rates equals bankruptcy for these guys.
Listen at 2x speed, thank me later
Thank you Kiril and Stan. This was very insightful 🙏
There's no such thing as luck. Mr. Druckenmiller is a very blessed man. Our country needs brave leaders who will end this destructive pattern of money printing and reel in spending, cut programs, and allow capitalism to weed out the bad apples.
Great interview but Kiril should put some time and $ into improving his audio setup
Wonderful interview ❤
2 Legends. Godspeed.
Great listen. Legend
Nothing more valuable than an hour with The Great One during interesting times.
Audio was terrible. Such a shame when there is so wisdom to be heard
I dont ever hear people talk about how much of a special case the Boomer generation was for the inflation of the 70s
Ok, capitalist you have your point... respect.
I must say that I am one of those individuals who can truly appreciate listening to these gentlemen speak. The interview was great and provided me with fantastic insight.
Perfect accoustics
We are in the first quarter of the 21 century and you cannot have a decent sound on your computer to interview this giant?????!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
There's also a superb book written by Kenneth Rogoff and Carmen Reinhartt, "This Time Is Different".
You should do something about the scam bots.
Thank God somebody mentioned and addressed the 500 yr. cycle.
Good talk with one exception: Where is the Global Warming I have been promised?
Seriously, I was sitting outside at Starbucks and had to go sit in the car it's so cold this summer.
A gift
Loved your interpretation of Rach 3. Oh wait, that was Sokolov.
Presenter bad mic quality and croaky voice make this a tough listen
Great stuff but please provide a better sound quality next time !
Good one. Stanley and i went our separate ways. Now my main source of income is social security followed by investments. Medicare is my heath insurance. A political solution to funding seems unlikely. The government continues to provide retirement and medical to 38 year olds in the military, fire, police.
Can you all doing a series on Austrian Economics and Bitcoin. Authors like Jeff Booth. BALAJI. Boyapati. Safeuddin Ammous. ANTONOPOULOUS.
Remember the day before 9/11 when Rumsfeld said they didn't know where 3 trillion dollars went? It's a whole lot more than that and too bad we can't use that money openly and honestly.
Bummer. I was really excited to hear this interview, but the sound is unbearable.
Lol, grow up. It’s not that bad.
Workers do need a fair wage that is realistic for the circumstances we live with....rental rates/grocery stores etc...
Romeo santo grupo abentura leyenda mahall
I can't hear any of the questions, the answers were great though!
No free lunch, time to pay the bill!
Luv listening to such wisdom.
Hey Why when talking entitlements to get back return on invested capital ( which many people paid into) are government employee entitlements ( called retirement) not mentioned ? 20 years and out firemen, 30 years and out post office employees, military 20 years, defense companies and on and on it goes not to mention medical coverage while working and in retirement, paid holidays while working, paid vacations and so on.
Anybody able to get a look at all the books in the shelf behind both of them? Would love to have the list
I would like to watch this, but the sound quality is very poor. Is there anything that you can do to improve that? Thanks
Grandpa on the left is really difficult to understand, but overall great conversation.
If they talking about taking the pain,they mean the poor and the middleclasse has to take the pain,never the rich!
Sam nails it, and in a descret way
why the host couldnt afford a better microphone
Ok!
What about individuals on social security who never paid in. Are all who receive ss and Medicare legal residents of the USA?
At 32:30, he says treasuries are off the table. If I can get 5% in short term treasuries, why not park cash there while waiting for a big opportunity? Just trying to understand his rationale. Maybe I didn't understand his statement.
I was confused by that too
Someone please tell Kiril that we are not here to listen to his forecasts, we are here to listen to Stan’s forecasts😂
So true! Every time the same bloody thing 😂
Remember this: On September 30, 1987 - near the end of the Reagan Administration - total federal debt stood at $2.3 trillion. Our federal government took 200 years to incur $2.3 trillion dollars worth of debt. Now it’s 34 trillion ..paper stocks priced in U.S. dollars …which means technical fault = worthless stocks
Boomers are talking boomer economy
Kiril is the godfather of mumble rap
🛎️🙏
Can barely understand the left guy
my boy druck hwg
We do have checks on us. They are called the congress, senate, constitution. If not any of these then maybe just morals?
You finally said it but in truth the way out of this is a depression! Real deep that way America can go on another 100-200 years if not it’s on 25-50 year time frame
Was Ed Hyman at their staff meeting?
How is it that a multi millionaire can not afford a decent microphone? And is he so feared that no one is brave enough to tell him his audio is terrible?
Even the best mic in the world won’t help a voice like that
Is there some law that says smart wealthy men are not allowed to have good audio? Gentlemen, please consider hiring an audio engineer. If you cannot find one, please feel free to contact me. PS. Great show, and great insight. Thank you.
Even if you juggle “for a living” you still drop the ball occasionally.
It sounds as if it is the US govt vs compound interest .Who will win? I’m going with compound interest.
RFK Jr 2024 🇺🇸 🇺🇲
Inflation is dead, per the Quantity of Money! Watch Steve Hanke.
Get your sound together next time pls
Great convo. Get taller books and a better mic
Poor audio quality on Kiril Sokoloff's side!
Doesn’t gold do well during recessions?
The higher the net worth - the worse the audio quality. This is fact.
This. Is. Huge. Even with poor sound.
The sound is terrible guys. I dunno what Carol is saying
The interviewer speaks so softly that you can barely hear what he's saying....audio quality is poor!
Kiril needs to speak up. I can't hear the questions
Styler winner 720 reserve america libing
1.5x speed. Thank me later