Actionable news
All posts from Actionable news
Actionable news in FB: Facebook, Inc.,

Here’s Why You Should Pay Attention to Stanley Druckenmiller’s Top Picks

The Ira Sohn conference is an event that features some of the most important people from the investing community, which share their insights in the name of a noble cause. This is why Ira Sohn is one of the most awaited events each year and judging by the list of speakers this year (see here), it won’t be an exception. While some investors present their ideas by focusing on a specific company or industry, others choose to provide a macroeconomic outlook or to speak about the broader market and famous Stanley Druckenmiller belongs to the latter group, judging by his past presentations. The former manager of Duquesne Capital and former portfolio manager of billionaire George Soros’ Quantum Fund, Druckenmiller last time participated at the Ira Sohn conference back in 2013, where he talked about being bearish on China and suggested shorting the Australian Dollar. Since then a lot of time has passed and we have seen some bad data from China and the slump of its equity markets, while the Australian Dollar has dropped 25% against the greenback. Druckenmiller also said he was long Alphabet Inc (NASDAQ:GOOGL), due to its low exposure to China and the stock has surged by 76% since then.

We also suggest you take a look at the latest moves and stock picks of two other Ira Sohn Conference Speakers: Jeff Smith of Starboard Value and David Einhorn of Greenlight Capital.

Even though Druckenmiller shut Duquesne Capital in 2010 because he thought he wouldn’t be able to provide high returns to his clients, he still manages Duquesne Family Office. In its latest 13F, Duquesne reported a equity portfolio worth...