Stanley Druckenmiller: AI might be a little over-hyped now, but under-hyped long term
Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, why Druckenmiller cut his Nvidia stake, latest market trends, and more.
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I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
@HarryMurphy47
Күн бұрын
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
@JaneGallagher-ur9jp
Күн бұрын
A lot of folks downplay the role of advlsors 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 licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.
@AlejandraIgnacio-vv8tx
Күн бұрын
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
@JaneGallagher-ur9jp
Күн бұрын
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
@FrankBoston-lw5nk
Күн бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?
@DavidMansour-ej8gt
11 күн бұрын
The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.
@leahwilliams7489
11 күн бұрын
@@DavidMansour-ej8gt First two years, I lost money until I got my sea legs. My portfolio is well-matched by a certified financial planner for every season of the market, and just recently hit 7 figures after 5 years of subsequent investments. I'm retired and never leaving the market.
@leahwilliams7489
11 күн бұрын
@AmyCline21134 She goes by the name ‘Victoria Carmen Santaella’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...
@CsokiBabi
12 күн бұрын
As a beginner, it's essential for you to have a mentor to keep you accountable..
@PatchettStalls
12 күн бұрын
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...
@TedStalets
12 күн бұрын
Kerrie Farrell program is widely available online...
@rogercav40
12 күн бұрын
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
@JasonGavino-dj6ze
12 күн бұрын
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
@frankedwardark
14 күн бұрын
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
@kurtKking
14 күн бұрын
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
@donovantobs
14 күн бұрын
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?.
@kurtKking
14 күн бұрын
Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.
@donovantobs
14 күн бұрын
Thank you for this amazing tip. I just looked the name up and wrote her up, to schedule a call. many thanks
He bought Nvidia after telling everyone a recession was coming.
@jonasscheuer7639
15 күн бұрын
not correct AND he frequently repeats: "i could be changing my mind any second" THIS is what makes a great trader/investor, know when not to play!
@behzadahmadi5185
15 күн бұрын
@@jonasscheuer7639 then what is point of lecturing others, going on TV, ....?
@nosecretsfishing3661
15 күн бұрын
@@jonasscheuer7639 simp harder why don’t you
@RajDeelish
15 күн бұрын
Those are two separate things. NVDA can go up during a recession.
@justinbeghly1435
15 күн бұрын
He”s always 100% invested. Don’t try to time the market.
Any specific guide. I'm from Australia how do I go about this? I think I'm interested how can I get in touch with mrs Rose Carlos?
@brianjung1766
15 күн бұрын
There is her line👇👇
@brianjung1766
15 күн бұрын
1254..
@brianjung1766
15 күн бұрын
6241..
@brianjung1766
15 күн бұрын
225..
@brianjung1766
15 күн бұрын
whats.. App~~
The only perplexity is the speed at which this guy doesn't talk
@davidross8233
15 күн бұрын
Don’t worry. His brain is moving fast. He’s one of the greatest investors in history.
@far1762
15 күн бұрын
E, batryn😮
By the time you hear about a stock on TV, it is time to sell, not buy. Do the opposite of whatever it is it seems like they want you to do.
@RajDeelish
15 күн бұрын
BS. By that logic everyone would have sold NVDA at 300.
@ManPursueExcellence
13 күн бұрын
@@RajDeelish Not too many get to run like NVIDIA stock ran.
How convenient, he’s pumping the startup he owns
@harrymartin8019
15 күн бұрын
and u wouldn't right
@mikehundt4263
15 күн бұрын
@@harrymartin8019 wrong
@DynamicUnreal
15 күн бұрын
He disclosed he owns it though. I don’t see what’s wrong with that. It’s a good product too.
@mikehundt4263
15 күн бұрын
@@DynamicUnreal I prefer the commercials to come at the commercial break, not during the show
@davidross8233
14 күн бұрын
Admittedly it’s a pretty great company.
so many big fund manager annouce they cut nvidia holding at 350$, 480$, 750$, 850%. who do you look now
Agreed
Try perplexity because I'm investing in it after I made a big long-term mistake of selling Nvidia. 😂
@Henry-oo8op
14 күн бұрын
do you even know what he owns? 15% of his total portfolio is in NVDA, 50% is in calls. you are clueless.
@DJaquithFL
14 күн бұрын
@@Henry-oo8op No I'm definitely clued-in on this guy and so many trying to manipulate the market. I'd double-check his holdings again before posting nonsense. In this interview he's trying to push another AI search engine he has significant holdings.
Grandpa Druckenmiller explaining the world ...
So if AI fails what is the next technology? Claytronics or quantum computing?
@eggnogaddict6287
9 күн бұрын
5G failed and so did Bitcoin. 3D printing, too. They’ll make up a new tech hype to keep the bubble going. But Ai was something I laughed at when it was hyped, and still laugh at today. What used to be called “chatbots” and despised by anyone who had to use them when interacting with any customer service chat service suddenly became incredibly transformative. I’ll never underestimate how easily humans can be tricked and conned. Minimal critical thinking. Relabel a chatbot as “Ai” and suddenly it’s amazing. All these Ai chatbots are garbage. I tried using them a few times and they were exactly as I expected them to be. Extremely general and biased repackaging generic Google results. My biggest concern is there are enough people out there who will take these chatbots as matter-of-fact and the information worshipping will be done at the Ai Altar where diversity of information becomes consolidated to a single chatbot that people mindlessly gravitate towards.
Megatrend but only holding for 2 or 3 years.
who is his young partner?
@darth.mingdom
15 күн бұрын
I asked perplexity and it didn’t know 😂
We will see on AI. With it being embedded into search engines for free it will be interesting to see if the averag joe needs it more than that. In otherwords will it just complement technology we already have?
Thanks Stanley, next time you're in town give me a call. 4 years you've been telling us the the government is spending too , heading into a depression. Meanwhile you've been hoarding all those stock profits which were the results of the government spending a lot of money..
He's an AI robot
@far1762
15 күн бұрын
Nu
I love Druckenmiller but why keep refering to his 'young partner' instead of just calling him by his name
@ricomajestic
8 күн бұрын
His lover!
I love this look for cnbc. Let Joe do the interviews. Sorkin is a waste of money and space. Glad they are letting Joe run things - he’s a gem. This strategy is going to boost cnbc ratings a lot. Great interview.
Bro was load on the 2 yr TB in dec.n got wrecked thinking the boys were going 2 call it in march. Look it up. I caught it
ai needs rate cuts. or talk of them coming also helps.
won't go up unless fed cuts rates.
@far1762
15 күн бұрын
Da
You short NVDA before earnings because guys like Stanley going buy shares cheaper.😂
Is it me or has Stan lost a step?
It will make life worse for people who want changes but good for people in Mental Hospitals.
An out of touch old guy.
Perplexity stinks. I have a better one. But it goes to show that normies always are late
@davidross8233
14 күн бұрын
Which one is better? Would love to check it out.
I would be worried if I was a real worker because You could be replaced by a Robot.🤖🤖🤖🤖🤖🤖🤖🤖 Robotic Cops Robotic Firefighters. Robotic Doctors Robotic Teachers Robotic drive thru. Robotic Cashiers. Robotic Waitresses Robotic Waiters. Robotic Wives Robotic Husbands. It will be a Robotic World and then they will turn on Real Humans. It will be something like the Terminator movies with Arnold Schwarzenegger but Arnold Schwarzenegger won't save the day. Wait for it... It's coming. They wouldn't be worried about it if it weren't something .
Tech crash incoming
Perplexity AI seems like a huge competitor for the big players
This whole AI is gonna be an epic failure like most of the other trends
@erch4882
15 күн бұрын
you don't know that. you might be right, but you definitely don't know the future.
@marcorz9549
15 күн бұрын
Like the semiconductor, internet, smartphones, online advertising???
@jordana.f.4422
15 күн бұрын
Depends on how you define success. It's success largely will be determined by what advancements are made in the field.
@loutol2952
15 күн бұрын
It won't matter since you are not invested in it eh?
@GodbornNoven
15 күн бұрын
I love how everyone is collectively roasting this man
Ai is all hype. Existing technologies repackaged and pitched as “Ai.” Chatbots, debugging, autocomplete, are now called “Ai.” Bitcoin and 5G were supposed to change everything. 5G is just faster than 4G which was faster than 3G. Didn’t change much other than you can stream a KZread video better in a crowded urban area. Bitcoin hasn’t changed anything other than being a new avenue to speculate in. The transaction costs to actually use Bitcoin in commerce are astronomical and take 45 minutes to process. Meanwhile, I can tap to pay or use Venmo. Transaction takes anywhere from 1 second to 30 seconds, and the cost is trivial/nonexistent.
If AI can't be censored then there will be no place for it long term.
Listened to the interview this morning. Had heard so much about Druckenmiller being a "legendary investor". Found out he's a schmuck, who understands little about inflation or China.
@harrymartin8019
15 күн бұрын
But u are brilliant right
@adampritchard7182
15 күн бұрын
@@harrymartin8019 yes and he claims his portfolio is much larger than Drucks
@ferdimemelli3858
15 күн бұрын
@@harrymartin8019 Yes, as a backseat driver...
@davidross8233
15 күн бұрын
Interesting take. What doesn’t he understand about inflation?
@loutol2952
15 күн бұрын
Yet he is extremely wealthy. Dimmwit
First, I can barely listen to this. These business cheerleaders are the dullest crowd you can imagine, lol. As for chatting with AI bots, unfortunately the bot is going to be politically programmed, so it won't have answers to any of my questions. But obviously it can be used for other things, just not the good and most useful questions. Cryptos should go to zero though, you pay for software that you can program yourself, yeah, that's going to zero, you were scammed.
A jew that works closely with soros nahhh ima gooddddd
@harrymartin8019
15 күн бұрын
u must be fun at parties
@loutol2952
15 күн бұрын
What does his religion or ethnic group have to do with anything? Showing your ignorance.
@RajDeelish
15 күн бұрын
A racist commenter on KZread. nahhh ima gooddddd