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Druckenmiller: Cash Flow Is Company Truth Teller
Excerpt from an article on Bloomberg about his comments:
Stan Druckenmiller, who boasts one of the hedge-fund industry’s best long-term track records of the past three decades, said he’s betting against the shares of International Business Machines Corp. (IBM) because the company’s business will be replaced by technology such as cloud computing.
“It’s one of the more higher-probability shorts I have seen in years,” Druckenmiller, 60, said in an interview with Bloomberg TV’s Stephanie Ruhle at the Robin Hood Investors Conference in New York today. “IBM is old technology being replaced by cloud technology.”
Related link: Warren Buffett IBM Case Study
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Links
A lesson or two from the Bill Gross saga, and some wise words in the Gene Hoots' comment "Success is very hard to live with – not least because we tend to believe the stuff that people say about us." (LINK) The latest issue of the Mutual Fund Observer...
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Druckenmiller: Fed Policy 'fraught With Unappreciated Risk'
Link to: Druckenmiller: Fed policy 'fraught with unappreciated risk' Stan Druckenmiller, the retired founder of hedge fund firm Duquesne Capital Management, says the Federal Reserve is putting the economy at risk by continuing its aggressive...
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Stan Druckenmiller On Entitlements, Fed, Strategy (video)
Found via the Corner of Berkshire & Fairfax. Sept. 11 (Bloomberg) -- Stanley Druckenmiller, founder of Duquesne Capital Management LLC and one of the best performing hedge fund managers of the past three decades, talks about U.S. entitlement spending,...
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David Tepper On Bloomberg (video)
Jan. 22 (Bloomberg) -- David Tepper, chief executive officer of Appaloosa Management LP, talks about investment strategy and the outlook for global markets and economies. Tepper speaks with Stephanie Ruhle on Bloomberg Television's "Market Makers."...
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Activist Investor Dan Loeb Takes 8% Stake In Herbalife
Third Point's Dan Loeb has taken an eight percent stake in nutritional supplements seller Herbalife, according to a regulatory filing. This disclosure pits Loeb, who successfully took on Yahoo, against Pershing Square's Bill Ackman who shorted...
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