Stock Deep Dive: A Stanley Druckenmiller Favorite

Hi, GRIT VIPS! 🚀 👋

It’s time for another GRIT Stock Deep Dive!

Let’s get into it. 👇

Have you heard of Stanley Druckenmiller? If you haven’t, he is considered one of the greatest investors ever and has a net worth of ~$6 billion. He also happens to be one of my favorite investors.

When Druckenmiller worked for George Soros, he was the architect behind one of the most celebrated trades in financial history.

This particular trade involved a bold strategy that led to the devaluation of the British Pound in 1992.

The trade leveraged billions of dollars against the Pound, predicting that the UK could not maintain its high interest rates and exchange rate within the European Exchange Rate Mechanism.

The pressure culminated on Black Wednesday, forcing Britain to devalue its currency and exit the mechanism. This audacious move resulted in a profit exceeding $1 billion.

When researching new stocks, I always investigate what the greatest investors own. This strategy has always served me well.

As these expert investors’ portfolios age, more blue-chip stocks are usually present, but it’s extra intriguing when they own stock I’ve never heard of.

While researching what Druckenmiller owns, I discovered his substantial position in a company called Coupang. 👀 The stock trades at $19.06 with a market cap of $34.1 billion. Naturally, I had to dig deeper. Let’s review this interesting company.

• Overview 👉 What Does Coupang Do?

• Market Share 👉 Where Do They Make Money?

• A Big Acquisition 👉 FarFetch

• By The Numbers 👉 Key Metrics

• Risks 👉 Potential Pitfalls

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