Raoul Pal’s experiences are rooted in the hedge fund history, and he has more than 25 years of expertise in the financial markets.
He worked at Goldman Sachs for several years, co-managing equities and equity derivatives in the hedge fund sales business. Later, he moved on to one of the largest hedge fund groups in the world, GLG, and launched their global macro fund in London.
These days, Raoul focuses on his own investments rather that client money. He is also the co-founder of Real Vision TV and writer for The Global Macro Investor, a premium research newsletter.
In today’s episode, we head into unknown waters, not previously covered on this podcast. Macro investing, technical analysis and hedge funds are all discussed, but we also dive into theoretical economic models, business cycles, negative interest rates, and why the position of the world’s economy is frightening.
What’s Covered in This Interview:
- Raoul’s steps to a position in regular communication with Tudor Investment Corp, Soros Fund Management, and Long-Term Capital Management, etc.
- His experiences at GLG trading all asset classes in all markets, hedge fund sales at Goldman Sachs, and more.
- How to define a global macro investor, themes one could attempt to capitalize on, and the types of information one could analyze to form ideas.
- Benefits to short-term traders to learn economics and fundamentals, and how Raoul uses these with technical analysis in long-term trades.
- Raoul touches on the need to understand business cycles and the lack of common sense in theoretical economic models.
- The major problems that could be hovering on the horizon, the effects of negative interest rates, and what’s frightening about the current state of our global economies.
Links and Resources:
- Manias, Panics, and Crashes by Charles Kindleberger – Raoul’s recommended reading about the historical mismanagement of money and credit.
- Real Vision TV – Best described as Netflix for investors, Real Vision TV is owned by Raoul and allows users to watch on-demand, long-form video interviews with financial masterminds.
- Global Macro Investor – Raoul’s other project, Global Macro Investor is a premium newsletter written for some of the largest hedge funds and high-net-worth individuals, sharing global macro ideas.
- @RaoulGMI – You can also follow Raoul on Twitter. He’s very responsive and would love to hear what you thought of this interview!
