In a comment to what seems to be a “blockbuster” post on Capital Mind (over 14,700 hits yesterday, the highest ever single day page view count) – the Inflexion point in the Indian IT industry – Guruprasad pointed out this interview of Stan Druckenmiller : The first part of the interview is what’s relevant. The fact that IBM is losing out to Amazon AWS in the server tech and so on. But IBM is a large service organization, and not really a server company. Druckenmiller is a fund manager who, with George Soros, traded against the Bank on England and won (the battle of the British Pound in the early 90s). He then made the blunder of putting a large amount of money into the dot-com businesses about a few hours before the whole thing went bust in 2000. He’s got a pretty good record of making money; he stopped his fund in 2010 (and moved into family office mode) after years of what he calls sub-optimal returns of -5% (which he recovered by the end of the year).… (Read On…)
[via Capital Mind]
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