After Saying Selling Nvidia Stock Was a "Big Mistake," Billionaire Stanley Druckenmiller Just Increased His Fund's Stake by 457% in This Other Artificial Intelligence (AI) Semiconductor Stock
Stanley Druckenmiller of the Duquesne Family Office may have just found his next big opportunity in the artificial intelligence (AI) chip market.
It's easy to think that institutional money managers somehow possess knowledge that's superior to the rest of the investment community. After all, these billionaires are called "smart money" for a reason.
What I find helpful, though, is when portfolio managers admit that they may have made a mistake. To me, this sheds light into how these investors think, and what strategies they may hone in order to mitigate making the same oversight.
Stanley Druckenmiller of the Duquesne Family Office admitted that he sold Nvidia stock far too early -- going as far as to say that he made a "big mistake" in doing so.
