by Adam English
On Sunday, the Wall Street elite filed into the Ira Sohn Conference — the kind of self-congratulatory charity event that is all too common in a world that is burning around them.
This is one of those events where the titans of investing and finance get to pitch ideas about what is happening all around them. They normally feature the kinds of cheerleading for a sector, technology, or ‘why this bull market isn’t over’ sentiment we’re regularly inundated with.
However, word has already spread about one of the speakers, Stanley Druckenmiller, who decided to throw a wet blanket on the unspoken feel-good-only rule.
The thing is, he is absolutely right.