Billionaire Stanley Druckenmiller Slashed His Stake in This Stock. But Wall Street Thinks It Could Jump 50%.
Stanley Druckenmiller continues to sell a core position.
Overview
Stanley Druckenmiller is one of the most successful investors in recent memory. His investment portfolio achieved an average annual return of 30% over more than 30 years, with no down years. His recipe for success is simple: Make concentrated, high-conviction bets, cut losses quickly, and maintain a flexible, go-anywhere investment philosophy.
For years, savvy investors have been following Druckenmiller's stock trades. One of his biggest positions right now is Taiwan Semiconductor Manufacturing (NYSE: TSM). According to filings, the chip stock is Druckenmiller's third-largest holding.
Stanley Druckenmiller. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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