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["Master and Disciple at War" Bessent countered Druckenmiller: He may have lost money on the day he submitted the article] September 1st, U.S. Treasury Secretary Bessent defended his recent intervention in the bond market on Monday and refuted the previous public criticism of his investment mentor, billionaire Stanley Druckenmiller. "Stanley was a great investor. He changed his mind a lot and didn't like losing money," Bessant said. "I think he lost money the day he submitted the article for publication."
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