Why Stanley Druckenmiller Dumped AI Darling Palantir
Stanley Druckenmiller who famously helped George Soros break the Bank of England in 1992 has just ditched one of Wall Street’s most hyped artificial intelligence (AI) stocks.
So, what did he sell? Palantir Technologies (NYSE: PLTR). While most investors were busy chasing the AI boom, Druckenmiller was building a large position in a drugmaker.
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Billionaire Builds Big Stake In Under-the-Radar ETF
George Soros had an old rule: invest first, investigate later. When a great opportunity seemed ripe for the picking, he would buy it, and figure out later if he was right.
It’s actually the opposite of what most funds do, which is to spend many months researching and dotting all their “i”s and crossing all their “t”s before patiently waiting for the price to get to the level they think is right.
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Zuck Plays Checkers, Cook Plays Chess
When Facebook first grew to prominence, a lot was made of how much attention per day Mark Zuckerberg’s company captured among users. It was common to see the average daily usage was close to a full hour per day per person.
Over time the scale of Facebook’s base proved astonishing. A full 1 billion users tapped into Facebook,
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Priceless Advice From Legendary Investor
If you’ve been around the investing block a few times you know the old jokes about stocks falling the second you buy them. Peter Lynch, the legendary investor who averaged a 29.2% return from 1977 to 1990 doesn’t shy from plunging stocks like most others, though. Instead he embraces it and calls corrections for what they truly are.
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How To Get Quantum Stock Exposure Intelligently
Quantum is all the buzz but the risks are super high so how do you get exposure to the industry without betting the farm on any given stock?
If I could only bet on one quantum computing stock with the potential to deliver life-changing returns, IonQ (NYSE: IONQ) is probably at the top of my list.
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Read MoreThe Burst
Rocket Lab’s 340% Surge Hits a Roadblock—Is It a Buy Now?
Shares of space vehicle launch company Rocket Lab (NASDAQ:RKLB) have been through a wild ride over the last year. On a 12-month basis, the company’s stock has risen by over 340 percent on extremely strong growth and improving fundamentals.
On a 30-day basis, however, RKLB shares have lost almost 30 percent of their value.
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Read MoreThe Spotlight
Stagflation Is Here to Stay, How To Invest?
Back in the 1970s when stagflation took hold the world looked a whole different than it does today. Landlines have been replaced by mobile phones. TVs have been replaced by streaming apps. Records have been replaced by Spotify. But one thing that hasn’t changed is the definition of stagflation, a period where inflation rises at a more rapid pace than the economy.
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Read MoreThe Daily
Here's How Millionaires Are Investing Their Money
Key Points
Close to 25 million millionaires reside in the United States, and the number is growing.
Achieving millionaire status can provide more financial security than most people have,
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