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Stanley Druckenmiller: The market will be flat for the next ten years

  • - Updated March 5, 2024

Visiting Palantir

Investor Stanley Druckenmiller was one of the first investors in American Palantir. In September 2022, he visited and was interviewed by Palantir’s CEO Alex Karp. Here he explains why he sees a high probability that the market will remain flat for the next 10 years.

Below is a short excerpt from the discussion:

Druckenmiller: “They’ve [amerikanske FED] gone from wanting to print a bunch of money to like driving a Porsche 200… I know there are Germans in the audience, driving a Porsche 200 miles an hour, like not only taking the foot off the gas, just slamming the brakes on.

So there’s a high probability in my mind that the market at best is going to be kind of flat for 10 years, sort of like this ’66-’82 time period, but the nice thing is there were companies that did very very well in that environment back then. That’s when Apple computer was founded, Home Depot was founded, coal and energy companies, chemicals made a lot of money in the 70s.”

Watch the full interview here:

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