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Friday, September 20, 2013

No Taper Response: Stanley Druckenmiller

Stanley Druckenmiller spoke with CNBC this week on the Fed's decision not to taper. Druckenmiller was the lead portfolio manager for George Soros and the Quantum Fund from 1988 to 2000. He profited heavily during the financial crisis in 2008 (unlike most talking heads), and he is currently worth 3 billion dollars.

Fast forward to the 8 minute mark for his analysis: