Alex Krainer Central banks, CTA, Portfolio management, Star investors, Systematic trading, Trend following, Uncertainty

How Stan Druckenmiller missed market top by an hour and lost half his fund

For indeed, the investor’s chief problem – and even his worst enemy – is likely to be himself. Benjamin Graham This is a rather spectacular story. It is 20 years old but it is as relevant today as it ever was for it sheds light on one of the key problems in investment speculation: human … Continue reading How Stan Druckenmiller missed market top by an hour and lost half his fund