dude is a genius and barely hit double digits for 2019 while SP500 was 33%...Just continues to show you that its not about trying to be the smartest to make money in the market.
I usually like what Druckenmiller has to say but he hit way off when he pointed to the ever-decreasing levels of poverty. Correlation does not imply causation. It's quite obvious that the diminishment of poverty is mostly attributable to technology which enables massive production of energy, food and medicine. To be frank, if we wouldn't have such nepotism and business lobbyism in the government, people would be *way* better off. In fact, most of us would probably not have to do any meaningful work for creature comforts at all. Now I'm not saying that swapping capitalism for socialism in one swoop is the answer, but leveraging technology and resources to decrease work hours, increase family unity as an effect and promote mental wellbeing as a nation's goal would be the top priorities, not promoting socialism for the rich and capitalism for the poor. It's very hard and sometimes impossible to get that initial capital to do small business or investment for a living because the game is rigged. Trump and his cronies would be wise to remember that.
