“The important thing in investing is to be true to your compass” John Paulson

“The important thing in investing is to be true to your compass” John Paulson

“The important thing in investing is to be true to your compass”
John Paulson – rare interview with JP H/T Lawrence Delevigne

Published on Apr 1, 2016

John Paulson is the recipient of the 2016 Leadership Dinner Business Statesman Award.

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0:03I’m HBS alumni children not bad here with fellow alum John Paulson was the
0:08recipient of the HBS club in new york–business statesman award John
0:12congratulations on the award and thank you for having us here at your hedge
0:15funds office in New York City thanking church in the world financial services
0:19when you deliver big returns your applauded when you thank the critics
0:23come out in full force where does leadership come in the important thing
0:27in investing though is to be true to your compass stock market goes up or
0:33down and you can’t adjust your portfolio based on the whims of the market so you
0:38have to have a strategy in a position and stay true to that strategy and not
0:43pay attention to noise that could surround any particular investment you
0:50talk about investing are there some leadership principles that have guided
0:53you throughout your career
0:54well the most important thing in investing is to know what you’re
0:58investing in and if you’re confident in the outcome
1:01it’s important to stay true to your position the world financial services
1:06the world itself life constantly volatile what are some of the challenges
1:10in your life and how did you deal with them will change her I would say the
1:14biggest challenge is when I started the company had very little capital about a
1:19million dollars I had no investors and I don’t have any trickery and everyone
1:24told me you’re not going to succeed this so many failures you shouldn’t try but I
1:30was I had confidence in my ability to perform and I stuck with that confidence
1:35and as you know ultimately succeeded
1:38what was a major turning point in your life personally or professionally which
1:42challenge your leadership values well I think that concerns philanthropy you
1:48know just try for many years to achieve success but at some point I chief
1:54financial success that was beyond what I could possibly spend personally so at
2:00that point I started thinking about using my wealth to do good for society
2:05and for causes that I believed in and for people that were helpful to me
2:10in my road to success and that was a critical turning point for me
2:15professionally he talked about philanthropy you’ve made a 400 million
2:20dollar endowment to Harvard the largest gift ever to the school to support the
2:24School of Engineering and Applied Sciences which has been renamed in your
2:27honor what motivates and informs your philanthropic pursuits Harvard was very
2:32important to me and has been very important to so many people for so many
2:36years it’s an institution that’s dedicated to improving society not for
2:43its students but for everyone in the world so when I decided to look at my
2:49philanthropic goals helping Harvard was a big goal for me and i sat down with
2:55Harvard and wanted to know what they needed
2:59where did they want to focus on the future and top on harvard’s list was
3:05Engineering and Applied Sciences they had begun construction of the school and
3:10Alston had temporarily halted it but their number one priority was to get
3:15that school back in focus so that’s why I focused on the School of Engineering
3:20because it was the area that Harvin was most eager to expand its capabilities
3:27it’s not about receiving achieving significant financial success and
3:32overall in your career what are some of those secrets to your success this
3:36question always reminds me of a quote of winston churchill when he gave the first
3:41addressed Oxford after the war it was a very simple address he said never give
3:46up never give up never give up so when you try something you have to have
3:52confidence many obstacles will coming your way but the important thing is to
3:57never give up
3:59John finally what those receiving the business statesman award mean to you
4:04will Harvard Business School is produced so many leaders over time
4:09and so many of these leaders have received this award before me so for me
4:15it’s a great honor to be included with these past recipients can thank you so
4:22much for joining us thank you sir


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