Paul Singer
Paul Singer
Paul Elliott Singeris an American hedge fund manager, activist investor, and philanthropist. His hedge fund, Elliott Management Corporation—specializes in distressed debt acquisitions.:301 Singer is also the founder and CEO of NML Capital Limited, a Cayman Islands-based offshore unit of Elliott Management Corporation. In 2015, Forbes rated Singer's net worth as $2.1 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth22 August 1944
CountryUnited States of America
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'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.
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In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.
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In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.
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The world, in terms of choices available to educated, ambitious workers and entrepreneurs, is way bigger than just the United States, Japan and Europe.
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The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.
There is no safe haven in today's markets.
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Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.
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'What am I missing?' is a much more important question than 'How cool am I?'
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There's a feeling among some people that the Republican party is harsh on some things.
I've never let my guard down by saying, 'I don't need to be hedged.'
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The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.
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My concern as a citizen and as a money manager is, Oh my God, at what point does a 'whoa' moment happen to these people who own $30 trillion fixed income instruments?
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Obviously, the institution of marriage in America has utterly collapsed.
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It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.