Stanley F. Druckenmiller: Monetary Policy & Markets

[@RealVisionPresents]

TIMESTAMPS: 00:02:05 The Balanced Life 00:10:08 Monetary Policy & The Market 00:18:04 Price Signals & Algorithmic Trading 00:28:15 Debt & Interest Rates 00:36:47 Tech's Incoming Regulatory Tidal Wave 00:40:48 Big Winners 00:49:52 Anticipating Market Regime Shifts 00:56:09 Japan 01:00:02 Populism & Wealth Disparity 01:11:02 China & Global Trade 01:15:25 Philanthropy & Research 01:21:32 Legacy 🔥 𝗚𝗘𝗧 𝟳 𝗗𝗔𝗬𝗦 of Real Vision Premium access & insights for only $𝟭 (seriously!) rvtv.io/RVfor1dollar

[@michaelnorjack5908]

I think we need a post COVID part 2 of this interview

[@TwoGrainsOfGold]

@Michael - amen to that!

[@melissahoet7974]

Agree. Would love to hear Stan's take on today's position

[@KalelSonOfDurel]

Now, more than ever!

[@lancobear8894]

Definitely

[@KrummyProductions]

Absolutely

[@stuarttjl]

Thanks RealVision for making this wonderful interview free for all

[@jean-marcducommun8185]

Thank you Real Vision for this very personnel interview. Stanley Druckenmiller has always been my role model in terms of investment success but after this interview he is much more than that. He is an example of a person that has had tremendous success in one of the most challenging games and came out as the clear winner but instead of being loud and bragging he's humble, full of love and gratitude and has become to me a great human example I respect tremendously.

[@MrLuftenberg]

"You should know when you are hot or cold" - this sentence burned itself into my brain. greets from Austria - thank you so much Real Vision Team for you content !!!

[@wisconsinfarmer4742]

I have experienced it in many many theaters, and have always fought it like an idiot. slow learner in my sixties.

[@abosij]

This is one of the best financial interviews. The mutual respect they have for each-other drives amazing content

[@wisconsinfarmer4742]

I agree. Both of these fellows are solid captains of ego.

[@alexandrehoff]

Real Vision is probably the best youtube channel for business and interviews. Congratulations and thank you for your hard work and for giving me the opportunity to learn so much from the most brilliant minds out there.

[@fallenangel2123]

😜

[@kyhxx]

. nod- sims2.bitcrsh^

[@tombuunk5485]

Raoul, this channel is amazing! I just wanted to share my appreciation real quick. I am 27 old guy from the Netherlands and this content, especially this interview, is really helpful in navigating these interesting but also unsure times in terms of both career and investment decisions! Thanks a lot for that!

[@ashthegreat1]

Im absolutely impressed that the worlds most successful investor stressed the importance of family life as the primary source of his happiness. I suspect many other in his sphere neglect their families in pursuit of the mighty dollar. I got everything i needed in the first 7 mins.

[@argtv100]

pure BS, Winston, similar to your namesake's

[@storyofemergence]

The amount of knowledge he has that beyond markets is astounding.

[@DaBooMGR]

Thanks Real Vision for making this interview available for free.

[@googooboyy]

Druckenmiller is like a locomotive. Starts slow, builds up speed and by the end is a bullet train of awesomeness~

[@the-outlier1080]

What a time to be alive!!! Thank you "Real Vision".

[@JasonPiepmeier]

Watching 2nd time. This is the best interview I have ever seen! Thank you Real Vision for such great content!

[@soulmate805]

Jason Piepmeier Good to know I’m not the only one watching this the 2nd time. It’s that good and informative.

[@shahzadzafar71]

A high quality interview with two individuals who have great insights. I actually like their slow, deliberative delivery.

[@allanwold996]

I could listen to his case building for days. The way he builds conviction in a buy is incredible.

[@quietiger1288]

Very intellectually inspiring. Both of them have done a great job. This is a truly valuable experience sharing conversation for all folks, not only those in the world of money management.

[@midlifeSailor]

this interview is gold

[@TheFu1709ck]

he is a genius, I love watching his interviews

[@Louxxi]

Absolutely a must “listen to him” and worth a watch. Thank you for this video.

[@adiwidjonarko2229]

We should be paying for great knowledge content like this! Thanks Realvision for making this public.

[@TheArtofTravel]

Watching it in May 2020 and wow, a lot of what he is talking and predicting is actually now building up. Bonus: Populism is about wealth divide.

[@vivienlegeisha3425]

The Art of Travel and it’s crazy they talked about supply chain! Look at where we are now with COVID19 disrupting the supply chain.

[@waltertupou]

What a great interview. Thank you Stan for your insight and the interviewer for such great questions. This was enjoyable and informative all in one. 🤝

[@kirstinstrand6292]

Many jewels to keep from this discussion. Even a charmed life requires focus, commitment and love.

[@TheAccentPodcast]

The best investing related interview I've seen this year. Also agree with Stan about philanthropy in areas other than Art.

[@jryek]

I think he's trading more

[@TreZZmasterA]

Would be great to have Stanley Druckenmiller again on Real Vision - Post Covid, Ukraine, Fed..

[@philzhang7978]

Simply incredible, druckenmiller has became much bigger than his track record, he is an icon

[@Max-gk4vw]

This was awesome... never closely watched Drunkenmiller interview before... … very fascinating conversation ,,,, bit slow for most people but shared a great deal of trading style and situational awareness

[@lonzhao]

Set speed to 1:25, thank me later.

[@Rossini737]

Thanks now.

[@zachmandoooo]

Seriously, slow talking ass lizard people.

[@markusass]

Brilliant advice. Thanks. Maybe they weren't wound up properly before they did the interview.

[@smokeandmirrors5960]

I set it at 1.5 looool

[@paulkaz1752]

@@smokeandmirrors5960 I watch most of my videos and listen to podcasts at x 2.

[@RedZMatrix]

I can't believe I listened to the whole thing. Great interview.

[@rividizd]

I've watched this video 3 times. Stan has great insights!

[@RR-js9kl]

Excellent interview. Thank you Real Vision.

[@laurentscheercousse3856]

Thanks so much for that incredible interview, the duration, the clarity of the questions and the lessons taken from the answers.

[@phillipattfield6878]

Thanks to the team at Real vision. For great interview with great people.

[@RealVisionPresents]

Thanks for watching

[@theLord_is-my_shepherd]

would be amazing to get a second part on this .. especially his current view on the debt levels he discussed & found alarming here in '18, given that they have gone far beyond & any resemblance of sanity has left the building.

[@sdbullion]

Interview begins in earnest at @10:08 Stanley Drunkenmiller has done some great talks embedded on our [ An Unfunded Future: US Federal Government Liabilities ] article.

[@pvillaluna1]

SD Bullion 🙏

[@chancegoethe5022]

This was a masterpiece. Thank you RV!

[@traderinput]

regards 39:00 ff: If most assets can't outperform USD cash, as is the case this year for sure, is it reasonable to ask if we are still in a bull market...

[@rohitmakkad01]

What a great discussion.

[@efanshel]

Ive been hearing about Stanley since the late 80's. I always want to hear what he has to say.

[@jonland3365]

Just fabulous. Thanks Real Vision much appreciated

[@kirstinstrand6292]

Subtle brilliance capable of living and having a balanced life. Wow. So much to take away from this interview. Many thanks!

[@julieta203]

What a fantastic interview. By far one of the most inspirational, softly spoke money managers I have ever listed to without any ego. I think my favorite part of the entire interview was the introduction talking about his wife and family.

[@jorgegomez524]

Great public service, making the interview available. thanks real vision.

[@Mo-cv3ej]

Great conversation, thanks for this experience.

[@dougleeker5831]

Thank You for posting an actual master. A humble stud! Here is a tip...The algs move in fractals of time frames back to the mean. Avoid the middle like the plague!

[@duudleDreamz]

Respect for Druckenmiller's brutal honesty/BS-free regarding his own positions over time and his overall approaches. Great interview, thanks Real Vision.

[@rashidkhan-xm4rl]

when you do something extraordinary i dont think you need to hide anything

[@ericguo8209]

I just checked Berkshire returns from 1998-2008, it’s not -40%, not sure what he’s talking about at 42:43

[@viirusiiseli]

1998-2009 -14%, maybe he meant to say Buffett was down 14% in that time period instead of 40%? He would probably still be right, a hedge fund with -14% return in 11 years would have gone out of business.

[@SaraVV]

Thank you Real Vision.

[@krazywally5685]

Brilliant - very informative - especially on algos- thank you

[@allanwold996]

Amazing. We need a part 2 of this 🔥🙌👑

[@bebiowel]

Thanks much for this video! Real Vision

[@mgmodp8966]

This was great, Thank you!

[@forza-marco]

Great interview. Thank you for sharing.

[@austinsmith1816]

Fantastic conversation, gentleman 👏

[@dnajournal4321]

That's a pretty epic intro to a financial interview. Like a movie.

[@taylorj6177]

"The first 5 years" thing about a child's life is so true.

[@ephh3486]

Exactly. Although not sure his thoughts on autism being 'a problem' that needs to be solved is quite true. Some of the best minds I know are on the spectrum.

[@joshuaofomaja]

Wow! Everybody should watch this!

[@ocgmbeverlyhills1111]

S. Drukenmiller is a great role model. Anyone believing that we started a new bull market in 2018, needs to step back and look at the Macro picture (Check out all of Real Vision videos to get non-biased analysis which consider both sides of the argument). One of the main reasons why stock market is still rallying is due to buybacks, However, most insiders are selling now.

[@pabsgom5045]

Wonderful interview! Sad that I just found it. Thanks.

[@attrix09]

The painting on the wall behind them is stunning. Look at the depth.

[@judyz3624]

It’s so much pleasure to listen to an intelligent and frank soul

[@kyhxx]

lol w catch-

[@ManPursueExcellence]

More men, young men, should take note of what he says around 5:55

[@daddy7860]

@Jennifer Miley 20-30 year joint venture of $1.5-3M and 6-10 compiled years of time on average.

[@shansaeed8645]

Excellent interview. I admire and respect Stanley

[@Vicky-Blue]

What a humble man!! Great interview

[@mkelly1118]

Outstanding. Thank you for sharing this.

[@NavShay]

Thanks for this interesting interview, really enjoyed it

[@spindillio]

FANTASTIC interview!!!

[@AddzieG]

Thanks rv for getting Stan the man on

[@anthonyandscott]

Right here, after everything else said, are two gentlemen.

[@JT13974]

Stan is a complete natural trader...its in his blood. You either have it, or you don't.

[@ryanm1630]

J T to be that good, yeah, but anyone can trade and get good returns with spy.

[@innvestor4622]

I actually really like this, very insightful 👍. Seems like a nice guy too, thanks 😎✌️.

[@shashikant5403]

he is amazing Stanley F. Druckenmiller

[@jeffw8985]

42:20 Buffett down 40% for 10 years? I don't see this in BRKa or BRKb

[@agentsmithbvd]

Most impressive: (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Bush).[1] He dropped out of a three-year Ph.D. program in economics at the University of Michigan in the middle of the second semester to accept a position as an oil analyst for Pittsburgh National Bank. (Wikipedia)

[@noriberea1534]

Guauuuu..... thanks RV for this gift!

[@Bobbychristopher]

Emerging markets will collapse First because their debt is in Dollars. When the dollar moves higher with interest rate hikes, servicing that debt will not be possible at a certain point, hence they (em) will fall first.

[@jashan1344]

Thank you thank you thank you for this amazing content.

[@matello18]

Thank you so much for this interview. Love druckenmiller.

[@Oneofthetwelve]

Good day. At about 1:07; what are we talking about referring to “dislocations”? Specifically?

[@janreichenbach265]

Real Vision, Bruce Kovner AND Michael Marcus would be great - two of the original "Market Wizards" in one interview.

[@TagagaSimet]

Thank you 🔥🤝🏾🙌🏾🔥

[@vernefits1953]

awesome interview

[@rahulagrwl85]

What is the 'Entitlement' thing he is talking about at 1:10:16 ?

[@guardianoflight6823]

Another tremendous interview!

[@tuepham3293]

Awesome interview !

[@648531]

Great channel RV!!😀

[@LusoCMD]

Amazing interview.

[@BuffettWarren3]

What was the book he mentioned around 24:00?

[@michaeldavidrubin8823]

Thanks to KZbin & RealVision for a discussion of real-world issues that matter, by 2 men of intelligence, as well as signal success - w/ relaxed dignity to match, & perhaps inspire. The debate & concerns nevertheless skirt a foundational issue, or rather, is touched on w/o emphasis: liquidity contractions in core banking areas, that derive from the absence of trustable collateral underlying the instruments of lending. It is also naive to overlook military threats in international rivalries. Potential military actions affect policy by each nation, & the degree of its adherence to trade relations. Both fictional collateral & factual aggression cannot be assumed to be a safe or healthy condition of a successful world order. Unpredictable algo's & inept Fed "guidance" are regrettable, but secondary. Trade wars, if at least brought out into the open, may be dealt w/ by negotiation. If kept unacknowledged, for decades, by genteel diplomacy as at present, history tells us that real wars will be the result.

[@kyhxx]

. fstfrwrd nov2022- ukrn n russia ^

[@tensevo]

Nowadays you hear ppl talking about disrupting the world or changing the world. Whatever happened to good ol, make the world a better place?

[@easternhair]

any Recommended great books from him please

[@jasonwright6823]

Stan: "Envy is one of the strongest human emotions". Girard's mimetic desire driver.

[@tonycodolo]

Your first comment can be " 2 old guys bitching about machine trading" but it is deeper than that. Things change but always remain the same, money is simple, "I want to protect it". People make money, not the market. That's the real divergence we are experiencing. If you get something for nothing, someone got nothing for something.

[@janereynolds7555]

Fascinating interview.

[@SM-sb4tr]

i'm gonna subscribe to realvision, their content seems worth it

[@longgowhereto]

I never draw any connection between Jim Rogers and Druckenmiller until today I heard the same investment rule in a different citation.

[@eyeconspiracy]

Well they both were at Quantum Fund. But Rogers comes across as more of a bullshitter; Druckenmiller is always plainly honest about & with himself.

[@MUTEEBAHMAD92]

Really the content of this channel. Just want to make request to interview Jim Rogers

[@kirstinstrand6292]

I like Jim Rogers, too. But Druckenmiller is in a class of much greater ability. You can find Rogers anywhere. Not Druckenmiller.

[@patrickt873]

Excellent interview

[@AlinNemet]

amazing stuff, keep it coming

[@hodlbeast1889]

Great interview. I like this Druckenmiller guy. He's only delusional about the unemployment rate. If he really thinks that everyone in the United States but 3-4% of the population is "employed" he's lost. Most people have 2-3 terrible part time jobs with no benefits.

[@SLO722]

Great video!