Raoul Pal, founder of Real Vision after retiring at age 36 from running one of the world’s largest hedge funds, joins DoubleLine’s Jeffrey Sherman and Sam Lau on The Sherman Show. Mr. Pal discusses his career as a hedge fund manager before opting out of the “rat race” to create Real Vision with its mission to “democratize the best financial intelligence.” Then among other topics, the discussion dives into Mr. Pal’s views on the “increasingly high probability of a global recession,” the U.S. president after the next election hitting “the nuclear fiscal stimulus button,” U.S. interest rates following those of Europe into negative territory, gold and Bitcoin as options in the event of “something really bad breaking,” the risk China may lose control of both the Chinese and Hong Kong currencies, the conflict between China and the U.S. over intellectual property and technology and the rise of cryptocurrencies. In a world largely caught between slowing growth, aging populations and massive debt, Mr. Pal also identifies the region which is the exception, with young populations, strong savings rates, low debt and strong growth: India and the Islamic trading nations around the Indian Ocean. The podcast episode was recorded September 26, 2019.
The views and opinions expressed herein are as of the date recorded and should not be construed as an offer to buy or sell any securities. Such views/opinions may differ from those of DoubleLine Capital or other of its affiliates and are subject to change without notice. DoubleLine has no obligation to provide any updates or changes. The following audio presentations represent DoubleLine’s intellectual property. No portion of these presentations may be published, reproduced, transmitted or rebroadcast in any media in any form without the express written permission of DoubleLine. DoubleLine has no obligation to provide any updates or changes. To receive permission from DoubleLine please contact [email protected].
Neither DoubleLine nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
DoubleLine is not providing any financial, economic, legal, accounting or tax advice in these podcasts. The receipt of these podcasts by any listener is not to be taken as constituting the giving of investment advice by any DoubleLine entity or individual to that listener, nor to constitute such person a client of any DoubleLine entity. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.