Legendary hedge fund manager Stanley Druckenmiller had a lot to say at the recent New York Times Dealbook conference.
When The Druck speaks, you should listen.
One of his more interesting segments involved him proclaiming his love for Amazon. But these aren’t just words, Druck tends to put his money where his mouth is. According to Business Insider, Druckenmiller’s family office Duquesne Capital bought a large amount of Amazon shares during the third quarter. Druckenmiller is bullish on Amazon for 3 reasons – their focus on the long term, their profitable cloud-computing business AWS, and their ability to eventually flip a switch to drastically increase profits.