This episode summarizes and discusses a recent interview with legendary macro-investor Stan Druckenmiller. Druckenmiller talked about his current bullishness on AI stocks and how they’ve been dominating his long portfolio for the past few months. He also talked about the hard landing recession that he still sees coming, and his predictions for the economic environment. His comments are always worth listening to, as he hasn’t had a year of negative investment returns in 40 years.

Timestamps:

00:00 Stan Druckenmiller intro

00:34 US-led tech innovation

01:02 The AI boom

02:04 Nvidia stock

02:36 AI dominating is longs

02:50 Lessons for AI from The Dotcom Bubble

04:16 Where are the fat pitches?

06:35 Hard landing recession ahead?

08:52 What will sink?  

10:50 When recession?

Related content:

Oct 2022: Stanley Druckenmiller Predicts Hard Landing Recession for 2023

https://youtu.be/VxpoJnbD8yo

May 2023: Stan Druckenmiller Still Predicts Hard Landing Recession

https://youtu.be/8Ue-etn4E74

Full Bloomberg invterview (June 2023): Druckenmiller on How AI is Dominating His Long Portfolio

https://youtu.be/NERglanBMIk

The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664

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I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link):

https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581

Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.