Thread by @TheTranscript_

A thread with key quotes from Druckenmiller at #BloombergInvest:

1. On his current fat pitch:

"So I honestly.. don't see a fat pitch right now. What I do think is...given everything I've outlined, some really fat pitches are going to emerge in say, the next 8 to 24 months"

2. On when a recession will happen:

"I think I'm probably wrong and I'm gonna go back to the end of 23, but the real answer is, I don't know."

3. On how AI will perform in a recession:

"All of AI's not gonna make it through whether we have a recession or not, because they haven't separated the wheat from the chaff yet. But I do believe unlike crypto, I think AI is real"

4. On Nvidia:

"If [AI is] as big as I think it is, Nvidia is something we're gonna want to own for at least two or three years, not for 10 months and maybe longer"

5. On China:

"I was in love with China until about six or seven years ago...And then Xi Jinping did his thing...looking out, I do not look at them as a big challenge in the United States in terms of economic power and growth"

6. On Japan:

"You have a couple of things going on. They look like they're solving deflation...They're really into the whole shareholder value thing. And then you got a guy running monetary policy and he sounds like Jerome Powell two years ago. inflation is taking off there"

7. On his reflections on shorting:

"If I look back the last 40 years - I'm afraid to look- I've never had a down year, but I'm not sure I've made money in shorts"

8/8. Thanks for reading.

Here is the full interview:

Subscribe to our newsletter for more quotes like these: thetranscript.substack.com/subscribe