Raoul Pal | BiographyPal helped the BBC TV design the British reality television series 'Million Dollar Traders' in 2008 for BBC TV
Raoul Pal most of his time in 2020 researching the market of Bitcoin and the cryptocurrency sector. Being one of the investors who forecasted the emerging COVID-19 pandemic would trigger a global economic crisis, Pal took advantage of the downturn that financial markets witnessed in March 2020. He repositioned his portfolio during the pandemic and gradually increased his Bitcoin allocation from 25% to 50%.
- Full Name Raoul Pal
- Occupation Financial and Investment Strategist, Businessman
- Nationality American
“Bitcoin is eating the world... It has become a supermassive black hole that is sucking in everything around it and destroying it. [...] Never before in my career have I seen a trade so dominant that holding any other assets makes almost no sense.”
Raoul Pal is the co-founder of an on-demand financial TV channel called Real Vision.
Who is Raoul Pal?
Raoul Pal is an entrepreneur, investment strategist, and former hedge fund manager. He worked at multiple companies, including Goldman Sachs, before starting his own company, Global Macro Investor, in 2005 in his mid-30s. Nine years later, he co-founded Real Vision in 2014.
Early Life and Education
Raoul Pal was born in the United Kingdom to an Indian father and Dutch mother. His father was from Punjab, and his mother was from Leeuwarden. Pal graduated with a degree in Economics and Law from the University of Plymouth in Plymouth, England, in 1990.
Upon graduation, Pal worked as a sales executive at Dow Jones Telerate for about a year. He then joined James Capel & Co in 1991 as a senior executive. Pal served there until 1995 and worked on European equity derivatives. He then served as a director of NatWest Markets in equity derivatives from 1995 to 1998.
In January 1997, he became the head of European Hedge Fund Sales at Goldman Sachs and worked there till December 2001. During his five years of tenure at Goldman Sachs, he co-managed the hedge fund sales business in equities and equity derivatives in Europe.
After that, he started working as a portfolio manager at a hedge fund firm called GLG Partners. He co-managed the GLG Global Macro Fund for GLG Partners for three years, from December 2001 to November 2004.
Pal retired from fund management in 2004 at the age of 36.
Global Macro Investor
After gaining several years of experience and money, Pal eventually reevaluated his life and took the bold step to focus on his personal goals. He started his own business in January 2005. He founded a macroeconomic and investment strategy research publication called Global Macro Investor.
As per Pal, with the experience drawn from running a successful global hedge fund and advising the world’s eminent hedge funds, Global Macro Investor focuses on giving its members unique insights into the issues facing the macro investment industry. It also helps its members in the development of a framework to plan for the future. It also offers consulting advice to family offices in strategy, risk analysis, investment implementation, and wealth management.
In February 2014, Pal co-founded an on-demand financial TV channel, Real Vision. According to Pal, Real Vision was created to help investors understand the “complex world of finance, business, and the global economy, with in-depth analysis from real experts.”
As per its official website, Real Vision offers in-depth video interviews with the world’s most successful investors and their real-time analysis of markets and the global economy. The channel had featured investors like Kyle Bass, Mike Green, Stanley Druckenmiller, Kiril Sokoloff, Jim Rogers, and many more. In addition, the video platform also delivers live strategy calls, documentaries, and research publications.
Real Vision offers four types of membership, and its members can watch its videos anywhere from its website, iOS, Android apps, Apple TV, Amazon Fire Stick, and Roku.
Investment in Bitcoin
Besides businesses, Pal also has an impressive portfolio of crypto assets. He made waves in the cryptocurrency community when he publicly revealed his incremental investment of more than 50% of his portfolio into Bitcoin.
He spent much of his 2020 researching the market of Bitcoin and the cryptocurrency sector as a whole. He was one of the investors who forecasted the emerging COVID-19 pandemic would trigger a global economic crisis. He also forecasted that the cryptocurrency sector would lead to an economic crisis.
To take advantage of the downturn that financial markets witnessed in March 2020, he repositioned his portfolio during the pandemic. As the pandemic worsened and the economy slowed down, Pal gradually increased his Bitcoin allocation from 25% to 50%.
He gained expertise on the volatility and uncertainty of the market as he had bought and sold Bitcoin enough times. Pal described Bitcoin as “the single best opportunity we’re ever going to be given in our lives.”
In 2008, Pal helped design the British reality television series Million Dollar Traders for BBC TV. He also taught its participants investment and risk management strategies.
Pal is married to an applied behavioral analyst Anoush Pal. His wife is also a founder and clinical case manager of Cayman ABA, a child health care center. The center focuses on improving the quality of life of children with Autism Spectrum Disorders (ASD) and other developmental delays by providing Applied Behavior Analysis (ABA) therapy. Anoush has more than 12 years of experience working in the field of ABS and children with developmental delays.
Raoul Pal Twitter
Pal is active on Twitter, where he regularly posts his real-time thoughts and analysis on markets and the economy. He has 619.7k followers on Twitter as of September 2021.