Delivering Alpha 2021

Druckenmiller: These two investors still have 'guts'

Druckenmiller: This investor the new Alpha dog

Legendary hedge fund manager Stanley Druckenmiller named two of the investors he thinks still have "guts" in making big market calls: George Soros and David Tepper.

"George Soros is 83 years old and still has them and I don't understand it, because i'm 61, and mine are somewhere on the pavement," Druckenmiller joked at the Delivering Alpha conference presented by CNBC and Institutional Investor Wednesday.

Druckenmiller worked for Soros Fund Management from 1988 to 2000, which is now a family office for its billionaire founder.

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Druckenmiller also cited Appaloosa Management founder Tepper for his record of forecasting markets.

"He's had a lot more volatility than I, but you talk about a guy who knows how to lay it on when he's got a big opinion, and that's the key to money management, it's making a lot of money when you're right and minimizing when you're wrong."

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Druckenmiller is now chairman and CEO of the Duquesne Family Office.

—By CNBC's Lawrence Delevingne

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