David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David i read the other day that you opened your fund for 24 hours and 5 billion showed up. Now how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. David oh. Paul it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. And 23 hours later it was filled up, but it took a number of months of preparation. David that makes me feel better that you didnt just do it in 24 hours. How much do you manage now overall . Paul i think its 34 billion at this point. David so you started your fund in what year . Paul 1977. David how much money did you have then . Paul 1. 3 million. David where did you get that . Paul it was friends and
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David i read the other day that you opened your fund for 24 hours and 5 billion showed up. Now how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. David oh. Paul it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. And 23 hours later it was filled up, but it took a number of months of preparation. David that makes me feel better that you didnt just do it in 24 hours. How much do you manage now overall . Paul i think its 34 billion at this point. David so you started your fund in what year . Paul 1977. David how much money did you have then . Paul 1. 3 million. David where did you get that from . Paul it was friends
David how does somebody raise 5 billion in 24 hours . Paul it was first come, first served. David you have an image of being a person that strikes fear in a lot of ceos. Some people are probably afraid they are going to get a call from paul singer. Paul it does not bother me anymore. David if someone had invested with you in the very beginning, what rate of turn what that have been compounded . Paul one dollar became 160. David is it too late to invest retroactively into that . [laughter] would you fix your tie, please . David well, people wouldnt recognize me if my tie was fixed, but ok. Just leave it this way. Alright. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . David i read the other day that you opened your fund for 24 hours, and 5 billion showed up.
First, iraq has joined the united arab emirates, qatar, and oman and calling for opaque and allies to stick with their agreement. That is despite recent price gains. The deal helped lift brent above 70 a barrel this week. Concern. Expressed bloomberg spoke to the head of the International Energy agency and the omani Energy Minister and got more reaction. Today, oil price is about 70. The Global Oil Demand will billion out 1. 4 1. 4 Million Barrels a day. A lot of new Oil Production is coming from the united states, from brazil, from africa, from canada. A lot of oil in the market. I think thats the point of socussion, because the focus far has been in the supply side. We often dont discuss the demand side of the equation, and maybe we need to do some more work them up because all reports suggest that 2018 there will be growth on the gdp worldwide. Demand,l trigger better and i think we have a responsibility to meet that demand. Think this discussion needs to look at both sides. Sideten
Areas for overseas expansion. Iraq has joined the united arab emirates, calling for opec producers to stick with their agreements to cut oil output to the end of the year. That is despite recent price gains. The deal to rein in production helped lift france above 70 a barrel this week. Iran has expressed concern about that, spurring a renewed push sale producers. Bloomberg spoke to the head of the International Energy agency minister and got more interaction from citigroups head of commodities. Today, oil is about 70. And we will look at 2018 index couple of months. Demand increases 1. 3, 1. 4 million. Production isil ,oming from the United States less of africa from canada and with a lot of oil in the market. Market unless we have some surprises. That is a point of discussion again because the focus so far has been on the supply side. And we often dont discuss the demand side of the equation. And maybe we need to do some more work because all reports 2018, itsting that will be both on