The billionaire Stanley Druckenmillerone of the most recognized investors in the world, praised the president Javier Milei whom he considered “the only leader of the free market in the world” and highlighted that “his popularity did not decrease” despite the strong fiscal adjustment measures.
Druckenmiller, who today heads the Duquesne Capital investment fund that has USD 12 billion in its portfolio, was one of the executives closest to George Soros at Quantum Fund, between 1988 and 2000. He was a partner of Soros during the famous multi-million dollar bet against the pound sterling in 1992.
“The only free market leader in the world right now is in Argentina,” he said in an interview with CNCB. “Javier Milei is going to be a interesting experiment. “He is a highly intelligent leader, he learned at the Austrian school,” Druckenmiller dedicated to him. ”He cut social security 35% after he came to office. They went from a primary deficit of 4 or 5% to a surplus of 3%, they are taking a massive hit to GDP, basically a depression for a quarter. AND his approval rating did not drop”said the mega-investor.
The Minister of Economy Luis Caputo He uploaded a video to his X account with an excerpt of the interview with that North American television network. “Elon + Druckenmiller + Milken. The impact and global respect that President Milei has generated is unprecedented. Here is part of the report on Stanley Druckenmiller, one of the 3 most important investors in the world”, he defined it. “Local phenomenon”Milei then echoed.
“In addition to being highly intelligent, knowing the economy, he is a showman. And until now was able to keep the street. Because people like the part of showman. He has a good chance,” Druckenmiller continued. In addition, he mentioned an anecdote about how he went to invest in Argentine assets after listening to Milei’s speech at the Davos Forum.
“Do you want to know how I invested? It’s a funny story. I wasn’t in Davos, but I saw the speech, it was around 1 pm in my office. I opened Perplexity (a search engine with artificial intelligence) and I said ‘give me the 5 most liquid ADRs’ in Argentina. He gave me a sufficient description and I followed the Soros rule: invest and then research. We did some work and I increased my positions. So far it’s been great but we’ll see,” Druckenmiller recalled, in a message retweeted by the minister. Luis Caputo.
“I don’t know how much time the population is going to give this guy but Until now its popularity remains. He’s at the top in terms of the spectrum, but the fact of the matter is that the country has been so devastated for so long. They were the eighth richest country and now they’re like the 150th. “Argentina was ready for that but it took someone not crazy, but on the spectrum, to be able to make these types of reforms,” he told her, in rare praise.
“It’s really the opposite of what’s happening here (in the United States), we’re avoiding pain, we don’t have pain. We are the richest country in the world and you wonder if we can follow this path towards the public sector over the private sector. I agree that we will always be the place where you want to invest. But I hate to see Argentina being more capitalist than the United States. Here we go with this,” she concluded.
Milei had already obtained new support from the tycoon hours before Elon Muskthe founder of Tesla and SpaceX, with whom he met within the framework of the global summit of the Milken Institute, of which the head of state was a part. “Great meeting with President Milei”Musk posted on x along with the image. That same tweet was reposted a few minutes later by the CEO of Tesla himself with the legend: “I recommend investing in Argentina”.
