Bloomberg Wealth with David Rubenstein: John Paulson
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- เผยแพร่เมื่อ 1 ก.ย. 2021
- John Paulson, Paulson & Co. president and portfolio manager, talks about the trade that made him a billionaire, gold, cryptocurrencies and inflation. He's on "Bloomberg Wealth with David Rubenstein." This was recorded Aug. 12 at Paulson's home on Long Island.
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Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.
May I ask which investments are good? I've been looking at a few different ones but want others' opinions as well
What I think everyone need is an adviser, who can help you get in and out of any investment at any time and you'd sure be in Profit. With this I feel anyone can basically achieve financial freedom
*STEPHANIE KOPP MEEKS* , That's whom i work with
You can glance her name up on the internet and verify her yourself. she has years of financial market experience
Thanks so much I was able to find her page and I already leave her a message
Watching this 11 months after the video was published. His trade about bonds falling and rates up most of worked out pretty nicely for him!
Rubenstein is a really good interviewer, love his targeted questions. No fluff. And of course, the folks he interviews are just as good. Loving this channel. Will be listening to every video.
Rubenstein is really great at conducting interviews, great channel.
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market precisely when the news is most negative and investor sentiment reaches its lowest point. I came across an article highlighting individuals who achieved profits of up to $150,000 during challenging market periods. Considering this, I am curious about the best stocks to purchase now or add to a watchlist.
Thanks for the pointer!!
Good interview. Really enjoyed his breakdown of merger arbitrage.
Quite interesting how Paulson's expectations quite played out especially in 2023, Inverse yield curve, a rise in interest rates and so forth, this maybe by far the the best interview with good solid investment and career advice.
Great interview, I love the direct questions. Mr. Paulson gave two pieces of advice that are priceless. 1) Invest in what you understand 2) Buy Gold during periods of inflation.
Agreed. These 2 simple pieces of advices allow even novices to get involved.
Remind me of gold’s performance during the last 6 months where inflation was at ATHs
Absolutely the best interview I have ever seen. Mr. Paulson is so sensible, so clear in his explanations and, imho, so right that I have been proselytizing this interview ever since. Time will tell.
He was absolutely right regarding 25 and 50 to 1 opportunities using options on interest rates 6 months on from this interview
I have great respect for Mr John Paulson. He is a Baker Scholar and a very shrewd investor. I read the book about the Greatest Trade Ever Twice. Well done Bloomberg.
Haha..that book is a gem. Remember this story about his west coast friend??who did same subprime trade but with his money instead of Paulson's fund...paulson was very unhappy...hahaha
@@jagatdave Lol wasn't that Jeff Greene? The billionaire real estate guy?
@@jagatdave yes I remember him Jeff Greene I was actually watching him on TH-cam before tuning in to Bloomberg. He made a fortune and became a billionaire from copying Paulson's trade. I need to buy another copy of that book
@@nyabr815 that's the guy
@@nyabr815 yes...that real estate guy
Finally full episode...
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Plus* Four< four< seven four< four
@@davidrubenstein3443 liar,hah
I recommend a professional broker to you guys sometime ago,can I get person who invested with him comments below
Let's gooo
Hyey
I did invested with him, I made huge profit Thanks for recommending him
I saw the recommendation but I did not bother chatting him up🤦🤦🤦
I saw that recommendation too but I did not chat him as well🤦🤦
Who made profit for you, am really looking for a professional who can manage my account and make me huge profit
Hello thanks for introducing him to us I actually did the trade with a loan from my friend and now with the profits I payed up and now am happy and comfortable
By the way, he gave an important insight on his actual strategy, basically he is accumulating convex positions on inflation through interest rates derivatives, it is a really interesting bet, the payoff is on average 35:1
ⓌⒶⓉⓈⒶⓅⓅ☝️
Why everything on social media about investments has to be a scam 😭😭, i was serious
How can a retail investor invest in what you describe?
@@winnersmakenoexcuses2360 probably trough options on bond/ etp linked to interest rate, maybe you can have a decent amount of leverage, anyway you need an ISDA to access personalized instruments that allows you to get this kind of leverage.
@@llolloll7995 You need an ISDA as a retail investor to trade in options?
I’ve always been fascinated by Mr Paulsons persona. He speaks like a true gentleman.
Great interview with an amazing guest!
Really enjoyed this interview. Smart guy
Really enjoyed this conversation 🔥🔥🔥🔥...
Another great interview and agree on the crypto currency commentary, it is all supply and demand without any real value
I'm not into crypto really. But it does have some value - some people want a digital store of wealth that governments can't get at. Sometimes this is for nefarious purposes, some times not. But either way, it is valuable.
This was great being that Mr. Paulson rarely grants interviews.I remember reading The greatest trade ever years ago the story of John Paulson. There's a part where it mentions him winning awards for being one of Wall Street's best dressed til this day he continues to have style and a good sense of fashion.
amazing knowledgeable program
love to see always this wonderful show
Mr. Paulson can really explain things in an easy manner, he doesn't differ off onto other things, which is really an indicator of true understanding.
I would have loved to hear his opinion on the possible political interference with Gold and Cryptocurrencies. What if the government limited the legal holding of Gold? What if the government became actually more in favor of the use of cryptocurrencies (i highly doubt it would ever, because it would be giving away power) and i don't see them accepting paying your taxes in crypto :'D but what if...?
Very humble and intelligent guy. He deserved more credit not just because he successfully made $20b from the subprime crisis. His opinion on crypto, which is similar to charlie Munger, as both think that crypto does not generate any cash flow,, and investment strategies was very down-to-earth and informative, hopefully, can see more interview relating to him.
Investing in bitcoin is the best investment anyone can do this season
Because bitcoin investment has made a lot of people millionaires
I actually started investing in bitcoin before lockdown now I make profits more than I expected
You are on point sir
As a beginner how do I get started?
If you are a beginner, I will advise you to get connected to a professional trader like Expert Charles Nicolas
I hope investing in bitcoin will help solve my financial problems?
This reminds me of listening to Gordon Murry. Every single sentence is technical. Fantastic interview 👏.
Great Interview
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Plus* Four< four< seven four< four
So, it's wonderful for Mr. Paulson that he and his partners became so rich through his "insight", but what would truly be interesting to know is how he came to the knowledge about the poor underwriting of mortgage-backed securities. The unfolding of this story/vid goes from the historic safety of MBSs, then the realization by Mr. Paulson, et al, that they're very weakly undergirded, thus, not as secure as most generally assumed, then to the means by which he capitalizes on this knowledge by way of this "specialty" of shorting credit. But again, how did he learn of all the poor underwriting to begin with? Did he and his team stumble onto this information? Did they have some hunch and look into this? Someone please elaborate.
There's probably way more to the story and I doubt John Paulson had much to do with any of it.
He was right about crypto currency around the time of this interview people couldn’t even imagine crypto currency crashing 50%
Anybody know what interest rate bon strategy he is making reference to? If inflation stays
Fuck I’m just now watching this , fucking gold !!!
Very good job of explaining things clearly and simply. I wish he was asked though about one of his Hedge Funds that crashed 70% over four years ending in 2018 though. Need to go back!
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Plus* Four< four< seven four< four
Can someone explain what he said from 3:29 to 4:20?
This is a nice video hello Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mrs Jane I thought I' m the only one trading with her
She helped me recover what I lost trying to trade my self
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane
I think she is the best broker I ever seen
Who's this professional everyone is talking about I always see her post on top comment on every TH-cam video I watched
21:33 oh the irony. Best investment advice to the average person is to buy their own home.
It is the easiest and most well understood way for someone to leverage and build wealth for the average person who doesn't follow financial markets and do money things for a living. It's not bad advice, I'd just say its an incomplete picture of what you're going to have to do in order to be able to retire in this century.
@@ahgeez943 Not really what I’m referring to, in general, owning home is a positive. I was referring to the irony of him making his largest fortune off of subprime mortgages and then giving advice to buy a house.
@@justadudeintheworldman.120 lol
John Paulson: "The best investment for the average individual is to buy your own home"
John Paulson in 2008 - made billions shorting residential real estate lol
His context for buying your own home is different to yours.
@@dy2cakc1 You must be fun at partys.
@@charttrader3605 I’m the life of the party. Parties are thrown in my honour 🤣🤣🤣
Lol. Very true
And if you still owned that home from 2008 you’d be up quite a bit.
Respect to both!
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Plus* Four< four< seven four< four
Predicated everything which happened in last 2-3 years...great knowlwdge..
Cryptos believers are in denial 😂
He nailed it cryptos are limited supply of nothing lol
He is clueless just like you lol
@@inconvenientfacts8896 hahaha 🤣
I sold my bitcoins when they reach 50k
I couldn’t believe it because even tho ! I still believe they are limited supply of nothing! They don’t produce any money or profits for coin holders.
@@doubleaa658 You will soon learn what a stupid decision that was.. 50k is nothing.. You also clearly don’t understand the utility of crypto.
@@inconvenientfacts8896 okay 👌!
I spent hours reading about bitcoin, ethereum and many others . Until now I’m only invested in few that possibly could have a future use .
That’s ok 👍🏼
I rather be stupid and rich 🤑
@@doubleaa658 Too bad you are stupid and poor pretending to be rich.. A few hours reading about crypto is literally nothing and it shows.. you know nothing
The economy hardship, recession, unemployment and loss of job caused by covid pandemic is enough to push people into financial ventures.
I have secured financial freedom by investing in bonds, equities, EFT's and some digital currencies
@Robin Vanessa That's why you need the help of a professional who trade and understand the market more to earn good income. These professionals understand the market like it's there own farm and makes maximum profits for investors.
It's surprising that people are so scared and discouraged by sudden drop in value, most crypto traders and investors are less knowledgeable about the dynamic of cryptocurrency. It's a time to buy the dip and connect with good traders that knows the Ins and outs of Wall Street wizardry. I'm covered and secured about the market thanks to TRADE EXPERT Mrs Mitchell Roland.✅
wow I'm just shock someone mentioned and recommended expert Mrs Mitchell Roland, I thought people don't know her.... She is really good and awesome !
I'm also a beneficiary as well.
Trade expert Mitchell changed my 1.2BTC to 8.6BTC... Her trading methodology proves her expertise.
As a new generation investor and considering the fact that beginners are prune to mistakes I reached out to a consultant for help, as far as my journey goes, investing is much easier when you have proper guidance, since January till now, I have made a bit over $250,000 in profit, not much compared to the investor you mentioned but pretty good for me..
There is no natural growth in a system rigged by elites & corporations. That’s how you wind up with regulations. Most corporations are way too large & need to busted up into many smaller companies.
@@lucyroger6790 Rita wildrin Mora is her name ... you can look her up
wow she really checks out , thanks
ur a fucking noob Christopher Combs. I have made a bit over 25 million in profit. Guys listen to me instead!
That is awesome, What did you invest in? share that too
Thanks. A great conversation, even if one disagrees on some aspects.
paulson has a good head on his shoulders. he will do well in a financial career I bet. I am also heavily invested in gold.
“Limited supply of nothing” great quote.
Dumb quote!😂😂😂
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Plus* Four< four< seven four< four
RAN on the ASX. 99% down. Good future investment opportunity?
Waiting for the David tepper interview.
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Plus* Four< four< seven four< four
"I would describe crypto currency as a limited supply of nothing" ahahah i laughed so hard
If you are a crypto Cultist, congratulation you laughed at yourself
@@ginorako2176 lol I am not 😂I laughed at how simple he put it
Nice video, will buy more cryptos from paper hands. 😎
Mr Rubenstein, please get Cathie Wood on your show. Let's talk disruption! If you can't get Mr CZ Binance or the ultimate Mr Musk (since you have already done Bezos and Tim Cook). Love your way of interviewing.
Greatest trade ever!
So this guy did the REAL Big Short!
There's a note in a desk at the Harrah's in Laughlin that says Paulson rode bit** on a Harley!!!and a dead swat team on the floor!!!
Sure...
Buying a house right now is the worst investment you could make...
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Plus* Four< four< seven four< four
The covid flight to the suburbs has wound down. The fed cant raise rates with gdp and unemployment. Foreclosure moratorium has ended. 200k houses will likely come to the market. Spring housing market would be a good time. And if rates rise, prices will fall but for longterm borrowers, locking in a 30 year low rate is more beneficial even if values fall a bit in the short term.
Clearly there was no DEFI class in hardvard for paulson in 1962
A DEFI doesn't make sense. In a world where fraud happens left, right, and center, you need a centralized entity to govern and manage. When it comes to money, things are sensitive.
@@stephaniehale946 your statement doesn’t make any sense. One reason for defi is to have smart contracts and the block chain. Where you can see every transaction from every wallet and where contracts or agreements are executed with out the need of a 3rd person. People get corrupted, things aren’t as transparent on centralized exchanges.
@@leverageearnings8387 Look, cryptocurrencies and the technology that facilitates the cryptocurrencies are two different things. Paulson's take was only around Bitcoin or cryptocurrencies in general, not around Blockchain. I don't deny that there are some merits to the technology.
I’m speaking about bitcoin as well. Even a gold head like him needs to understand that bitcoin is literally limited. Unlike gold that it’s not fully limited you can still dig it up. Yes , it might cost more for exploration and etc but still no one including him knows how much gold is there below the dirt to dig up. Bitcoin is deflationary as well because there’s been thousands of coins lost in wallets etc
@@leverageearnings8387 who told you bitcoin is limited???it is myth...miners can have unlimited fractions of bitcoin ...check the concept of infinity
David w Carter, l voted for him! Fan, speaking of exceptional!
All demand and supply marketplaces are bubbles. Some are more stable than others.
@22 min … so the price of houses can go just up ?
Yeah, too whishfull. If he would have said SP500 (no other diversification) that would have been worse probably 🙂? Don't tell Americans buy world ETF.
10:59 the increase in money supply could provide zero contribution to rising inflation if there is a drop in money multiplier.
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Plus* Four< four< seven four< four
not if store of value confidence collapses, and inflation is rising
currency velocity is not as important as outright confidence in the fiat and the IOU$
lol re read the theory bro. The money supply is not the monetary base. When the FED print, that’s the monetary base. Your right if the money multiplier falls, but it would need current-deposit and liquidity/ capital ratios to rise. No reason to assume so, and there is only so much the money multiplier can fall, unlike the money supply which can rise a lot.
The speed of translation is not synchronized with the speed of talk.
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Plus* Four< four< seven four< four
48 hours investment
I am from Uk 🇬🇧 can i be part of this investment
I invested on a platform and it didn’t yield me much profits and it took much time for it to complete it trading cycle but since this time interval is within 48 hours i am interested
Tell me more about it
I am a foreigner can i invest
@@helengregory3293 Yes
I am Indian so I trying to understand English
Vifeo quality is good but subtitles are not perfect when he speak so after 10 sec subtitles is there
Question on value
He had some solid advice.
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Plus* Four< four< seven four< four
He quit the game but he still getting richer
Why?
Because he donated 500m in charity…
God is fair
Plus* Four< four< seven four< four
I don’t get his point on bitcoin but agree on everything else
Congratulations. The most obvious may not be visible when it is too close and too obvious. Now silver should go up many times as soon as everyone realizes how simple and obvious it is ...
Why Bitcoin is dying,, sol going to 50b MC this week
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Plus* Four< four< seven four< four
"rich guy who hates crypto gives away billions to institutions instead of investing in financial transparency" "I dont invest into crypto because I don't know about it, and since I dont know about it how could anyone else?"
I bet the unlikes on this video are massive or would be if it were still visible lol. Demand & supply is the most important factor for anything in this subject matter. So one could say the same thing about cash as he said about crypto. What I've learned about people like him, is that if they don't have a hand in it or it doesn't benefit them or they don't understand it then it's no good or won't last.
Adv has a plus
If Paulson is saying that inflation is coming and that because of that investors will try to hedge their investments in areas such as gold, aren't crypto assets doing the same thing?
Hard to say, as gold is a store of value for thousands of years and crypto is now what 12 years old. It certainly did not experience any sort of big inflation in a mayor currency.
Crypto in a way is tax evasion in the long-term. Do you think governments -- who, btw, control the internet -- will allow that?
@@vess6934 You have a point and I completely agree, but more than banning it, don't you think they will need to develop appropiate policies?
@@johanngross6953 They will have to. This will come to a head one way or another but ultimately the government(s) will come up on top because, let's be honest, the last 5-10 years haven't exactly been great for people's freedoms generally. As a result any appropriate policies they develop will benefit them, and thus will negate the core idea and philosophy behind crypto to begin with - which is decentralization and anonymity.
''limited supply of nothing' That is the exact definition of fiat. If you don't believe in crypto you don't believe in currency because crypto is just a better currency
"no but I keep the tax returns" lol
No wonder a fan of David!
Before this video i thought he is a bad one like everyone else said bt apparently he know his game very well.
Plus* Four< four< seven four< four
ⓌⒶⓉⓈⒶⓅⓅ☝️
Best 30 min spent..
Is he still long fannie and freddie?
Yes all the Steins deep into moneys
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ⓌⒶⓉⓈⒶⓅⓅ☝️
Greater nominal return on that $100k but with inflation the return is reduced
Agree. We have to get away from fixed income👍
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Plus* Four< four< seven four< four
- this was good and felt lite
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Plus* Four< four< seven four< four
"No instrinsic value in crypto" - So whats the instrinsic value in Fiat then?
FIAT currency is used to buy assets.
I haven't eaten, you guys don't see me, I'm dead Nois.
The best investment is to buy your own home?!? OMG. Thats probably the worst investment you can make... Wouldnt even call it an investment
Mr. Paulson implies or says that paying over $1 Billion dollars in taxes is a good thing, while sitting in his Puerto Rican tax haven, at least 188 days/year.
Crypto is a Bubble ---But he doesn't understand about the blockchain --....the next time ask him for blockchain technology
Paulson must have made a killing in the last 6 months shorting bonds
Is he true Paulson trade for people in telegram??? Please tell me
Keep minimum CASH put in GOLD
based
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Plus* Four< four< seven four< four
14:46 some crypto heads exploded
9:37
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Plus* Four< four< seven four< four
I hate to disagree with an investing legend but crypto is here to stay. It’s the greatest wealth transfer of the generation. It is our modern gold rush for the digital economy. It would be shrewd for everyone to invest 1% of their net worth. However, I agree much of the crypto assets are bubbles, particularly NFT’s.
One thing that sounds great but after some thought doesn’t seem right is the idea of buying a million dollar home. Yes, that sounds like an amazing idea/return but a 6k mortgage is out of my means.
MF Genius interview!
The fact that Paulson said no to crypto is the reason why there's still plenty of upside in the market.
Both brilliant capitalists 🦉
Cryptocurrencies, especially Bitcoin, are going to $0 -and the dollar is going to 0 in terms of gold.
Short HEX Mr.Paulson 🤣🤣🤣👍
Gamble big, net big, or loose big. Bet with other people’s $. Rinse and repeat. Not rocket science.
That buying your own home analogy with all do respect is a greater fool example. He uses the example of supply and demand with crypto but fails to mention that home prices are but because of lack of supply.......... ok
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Plus* Four< four< seven four< four
Your forgetting that a home has some value. It provides a shelter and somewhere to live. Cryptos have no underlying value.
@@julianradford7340 and not to mention no yield.
Gold is going parabolic. ... Oh but if you have 100k to invest , invest in real estate .... Paulson. 🤔🤔.
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Plus* Four< four< seven four< four
Gold hasn’t moved in 20 years this guy is a clueless idiot that got lucky once
His circle of competence isn’t crypto, so yes he should stay out of it
With all due respect, he doesn’t understand the solution - bitcoin
Sudadatana Sapdi Shemione, when you hit some, you will die Aino.
Old wealth holding on
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Plus* Four< four< seven four< four