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Druckenmiller: "I'm seriously questioning whether I have any competitive advantage left"

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Duquesne Capital Management founder says much of economy "rigged."

  Stanley Druckenmiller
 Stanley Druckenmiller (Photo: Bloomberg)
Retired hedge fund luminary Stanley Druckenmiller offered a frank admission of his current investment abilities, saying in an interview that government intervention and regulation in the market has eroded his edge.

"The importance of my skills is receding. Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people," he told Goldman Sachs' global investment research team. "Today, all these price signals are compromised and I’m seriously questioning whether I have any competitive