Stanley Druckenmiller sold the high-profile AI stocks in Duquesne's investment portfolio, he was piling into one of Wall Street's top-performing pharmaceutical stocks of 2024: Teva Pharmaceutical Industries (NYSE: TEVA). Shares of Teva are higher by 112% for the year, with Druckenmiller's fund adding 1,427,950 shares during the September-ended quarter. I am also buying TEVA.
Who is Druckenmiller? He received a BA in English and economics from Bowdoin College (where he opened a hot dog stand with Lawrence B. Lindsey, who later became economic policy adviser to President George W. Bush). If he could make money selling hotdogs, he must be smart.
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