Ind of rate of turn what that have been compounded . Paul 1. 00 became, like, 160. David is it too late to invest retroactively into that . [laughter] woman would you fix your tie, please . If my tie was fixed, but ok. Just leave ithis way. All right. I dont consider myself a journalist, and nobody else would consider myself a journalist. I began tongake on the life of bn interviewer even though i have a day job of running a private equity firm. How you define leadership . What is it that makes somebody tick . I read the other dayhat you opened your fund for 24 hours, now how does somebody raise 5 billion in 24 hours . It wasactly true. Oh. It was true in the sense that once the offering was open because it was first come, first served it was filled up, but it took a number of months of preparation. David that makes me feel better that you didnt do it just in 24 hours. So how much do you manage now overall . I think its 34 billion at this point. David so you started your fund in what y
Income groups. Im not looking to do that. But if i wanted to do it, i believe i could. Im not looking at a tax cut now. We dont need it. We have a Strong Economy. Certainly a payroll tax cut. David sound bite of President Trump telling reporters just yesterday that he was considering indexing Capital Gains taxes but today, touting a Strong Economy, the president says indexing could be seen as somewhat elitist, the word he used, also saying no need now for a payroll tax cut, but is it a mistake to take these tax cuts off the table . David, its always a mistake to take good tax cuts off the table. John kennedy didnt take it off. He had a Strong Economy in the early 60s, but put in a massive tax cut across the board individually. Go back to the 20s, coolidge did the same thing. President s have done it in the past. Inde keep this economy going, great for the market. David not elitist . It benefits everyone and also helps reduce the deficit because Capital Gains revenues always go up when
Withcome slightly lower 0. 9 for the month of november. Comes in and we know that the inflation has been stubbornly low. How the nikkeis has been doing. Take a look at the last column howhe charge and you see the topics have been boosted and we know that those topics have and bothheir highest indexes continued to rise strongly, given that they economy shows signs of strengthening. This isi and bloomberg. What was the strategy you used . Some people are worried that they will get a call from paul singer. Investt too late to retroactively . People would not recognize me. Leave it this way. All right. I do not consider myself a journalist. I have a day job of running a private equity firm. 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. 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
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 . I read the other day that you opened your fund for 24 hours and 5 billion showed up, so how. 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. D
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 . You 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 him and of months of him and 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 w