Paul Singer's First Goal: Make Back His Parents' Money

The transcript covers the journey of starting a fund in 1977 with $1.3 million from friends and family, transitioning from a law career to business, and developing a successful trading strategy. It highlights the process of raising $5 billion in 24 hours, the importance of preparation, and the evolution of investment strategies over time. The speaker shares personal experiences and lessons learned in the investment world, emphasizing the goal of achieving consistent returns.

How long did it actually take to prepare for raising $5 billion?

• 24 hours

• Several months

• One week

• One month

In what year did the speaker start his fund?

• 1990

• 1965

• 1977

• 1980

What was the speaker's profession before he decided to go into business?

• Engineer

• Doctor

• Teacher

• Lawyer

What was the speaker's initial strategy for his fund?

• Convertible bond hedging

• Cryptocurrency trading

• Real estate investment

• Stock market speculation

What did the speaker aim to achieve with his investment strategy?

• Minimal involvement

• High risk, high reward

• Consistent returns

• Short-term gains