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, so how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. It was true in the sense that once the offering was, because it was first come, first serve, there was a lot of demand. 23 hours later it was filled up. But it took a number of months of preparation. David that makes me feel better. How much do you manage now overall . Paul 34 billion at this point. David you started it in what year . Paul 1977. David how much money did you have been . Paul 1. 3 million. David where did you get that . Paul friends and family. I was a practicing lawyer and in early 1977, i decided that what i had been doing managing a small amount of, a tiny amount of f
To bloomberg. Joe sure. Francine can you tell us about that first day you started at siemens . Joe it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i dont know nothing anymore about what i studied. So it was quite an experience. Francine going into it, what did you think . Did you think this is a company i want to work for for a long time . Joe i had multiple opportunities. I was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. I thought this is really cool. They were about to develop this one chip, so it felt pretty cool. So i said, yeah, siemens. That is where i want to be. Francine how has the Company Changed . Joe it is like day and night, really. I was coming into a manufacturing environment, it was about customers. About production and process and cost efficiency, and there was a very technologically focused comp
To bloomberg. Joe sure. Francine can you tell us about that first day you started at siemens . Joe it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i dont know nothing anymore about what i studied. So it was quite an experience. Francine going into it, what did you think . Did you think this is a company i want to work for for a long time . Joe i had multiple opportunities. I was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. I thought this is really cool. They were about to develop this one chip, so it felt pretty cool. So i said, yeah, siemens. That is where i want to be. Francine how has the Company Changed . Joe it is like day and night, really. I was coming into a manufacturing environment, it was about customers. About production and process and cost efficiency, and there was a very technologically focused comp
To bloomberg. Joe sure. Francine can you tell us about that first day you started at siemens . Joe it has been a while, obviously, but i was coming into siemens and i thought, oh, my god, they have abbreviations for everything, i dont know nothing anymore about what i studied. So it was quite an experience. Francine going into it, what did you think . Did you think this is a company i want to work for for a long time . Joe i had multiple opportunities. I was interviewing a different places, but then i thought siemens at that time was still in the semiconductor business, the electronic business. I thought this is really cool. They were about to develop this one chip, so it felt pretty cool. So i said, yeah, siemens. That is where i want to be. Francine how has the Company Changed . Joe it is like day and night, really. I was coming into a manufacturing environment, it was about customers. About production and process and cost efficiency, and there was a very technologically focused comp
Still exist. As long as we stand committed, we will be able to respond and prevail. Stephen so what are the biggest risks to the Global Economy . We put that question to the twittersphere. 46 said geoeconomic tension. 30 said rising debt burdens. And 15 foresaw weak productivity growth. The deputy secretarygeneral of the oecd, the deputy managing director of the imf, the economics professor at george mason university, and the head of chinese equities at blackrock. I think the respondents hit a really, really good topic, which is the geopolitical or geoeconomic tension. I absolutely agree that things like productivity and debt burdens are a threat, but these are not things that were built up overnight. They were built up over a number of years, and to some extent we may even see lets say artificial intelligence, technology offset some of these concerns over the mediumterm. I do believe that is the Biggest Issue to consider, the geoeconomic issues. That really brings us back to the unpre