I read a Stanley Druckenmiller talk tonight in which described buying US Tsy long bonds in 1981 at 14-15%. Why didn't he hold them and keep adding? 14% per year plus appreciation!
They are a rank speculation NOW but could still rise. Somewhat.
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I read a Stanley Druckenmiller talk tonight in which described buying US Tsy long bonds in 1981 at 14-15%. Why didn't he hold them and keep adding? 14% per year plus appreciation!
They are a rank speculation NOW but could still rise. Somewhat.
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