What Stanley Druckenmiller’s Exit From Palantir Says About His Investment Strategy and Why It Matters
Stanley Druckenmiller is one of the best investors of all time. From 1981 to 2010, Druckenmiller never had a losing year, achieving an average annual return of 30% with his hedge fund Duquesne Capital Management, a phenomenal track record.
These days, Druckenmiller still invests through the Duquesne Family Office, and his moves are closely watched by investors looking for insights into the market from the top money manager.
In the first quarter, one trade was particularly intriguing. Druckenmiller sold out of all of his shares of Palantir Technologies (PLTR 3.54%), the high-flying artificial intelligence (AI) software stock that has been the best performer in the S&P 500 this year. Palantir was not a…
