Stanley Druckenmiller Is Embracing Risk Again, Just ‘Timidly’
- His bets: Long U.S., Japanese stocks, short Treasuries and yen
- A Trump-Powell era quandary: What’s a safe investment now?
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Timid isn’t how most people would describe Stanley Druckenmiller. Yet that’s how he describes himself today.
It’s not that Druckenmiller has sworn off taking risk. He owns copper and U.S. and Japanese equities, and he’s wagering on the Canadian and Australian dollars while shorting the yen and long-dated Treasuries -- all positions that should profit in a stable-to-growing global economy.