Author Topic: Druckenmiller Interview - June 3rd  (Read 4078 times)

alpha

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Druckenmiller Interview - June 3rd
« on: June 03, 2019, 08:35:19 PM »
Druckenmiller spoke on Monday, mentioned he piled into treasuries, thinks risk of rates going to zero, and commented on US political scene:

https://www.bloomberg.com/news/articles/2019-06-03/druckenmiller-piles-into-treasuries-on-possible-fed-rate-drop


Liberty

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Re: Druckenmiller Interview - June 3rd
« Reply #1 on: June 04, 2019, 03:09:07 AM »
Came here to post this. You beat me to it.
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xtreeq

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Re: Druckenmiller Interview - June 3rd
« Reply #2 on: June 04, 2019, 05:48:48 AM »

Liberty

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"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Spekulatius

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Re: Druckenmiller Interview - June 3rd
« Reply #4 on: June 04, 2019, 05:41:57 PM »
Here's the video on fb

https://www.facebook.com/econclubny/videos/2248264695265915/

Awesome interview. I really enjoyed the The whole thing, especially the Q&A session towards the end. Druckenmiller is always worth listening to, whether you agree with him or not.
To be a realist, one has to believe in miracles.

SHDL

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Re: Druckenmiller Interview - June 3rd
« Reply #5 on: June 04, 2019, 06:19:13 PM »
Another thanks from me.  There's something quite satisfying about making a big change to your portfolio and later finding out that Druck did more or less the same thing.

Munger_Disciple

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Re: Druckenmiller Interview - June 3rd
« Reply #6 on: June 04, 2019, 06:44:34 PM »
Drukenmiller is a smart guy and very much worth listening to. But it seems like his strategy is very sub-optimal from a tax stand point. If he turns over > 100% per year, he would pay a lot of taxes when he is right. When you are compounding at 30% a year I guess it is ok but he says he doesn't make anything close to it these days.

Castanza

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Re: Druckenmiller Interview - June 3rd
« Reply #7 on: June 05, 2019, 07:05:27 AM »

Liberty

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Re: Druckenmiller Interview - June 3rd
« Reply #8 on: June 05, 2019, 05:33:44 PM »
Drukenmiller is a smart guy and very much worth listening to. But it seems like his strategy is very sub-optimal from a tax stand point. If he turns over > 100% per year, he would pay a lot of taxes when he is right. When you are compounding at 30% a year I guess it is ok but he says he doesn't make anything close to it these days.

Seems to be working all right for him. I think if he knew how to make the same returns without constantly turning on a dime, he'd do it, but his talent is mostly reacting quickly to things before the market understands them.
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

muscleman

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Re: Druckenmiller Interview - June 3rd
« Reply #9 on: June 05, 2019, 07:44:27 PM »
Drukenmiller is a smart guy and very much worth listening to. But it seems like his strategy is very sub-optimal from a tax stand point. If he turns over > 100% per year, he would pay a lot of taxes when he is right. When you are compounding at 30% a year I guess it is ok but he says he doesn't make anything close to it these days.

He is mostly trading futures, which is taxed 40% long term cap gain 60% short term gain no matter how long you actually hold them.