The Big Short Michael Lewis Missed (w/ Raoul Pal and Jeff Greene)

Billionaire real estate investor Jeff Greene built his fortune with a lifetime of hustle and no partners. In this interview with Raoul Pal, Greene explains how he transformed himself from a traveling circus ticket salesman to an investment titan putting on billion-dollar credit default swap trades. What began as a hedge turned into the trade of a lifetime when Greene astutely observed that shorting mortgage backed securities was a no-doubter in his first foray with derivatives. Greene also touches on his unique career path, his market outlook for a handful of asset classes, and the philanthropic endeavors that now dominate his focus. Filmed on January 23, in West Palm Beach, Florida.



About Real Vision™:
Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.

Connect with Real Vision™ Online:

The Big Short Billionaire Michael Lewis Missed (w/ Raoul Pal and Jeff Greene)


Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances is not necessarily reflective of future performances. Well that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.

[RealVisionFinance]

No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!

[texasRoofDoctor]

Great interview with guy who succeeded by working hard, taking risks, being lucky. All the sub geniuses who think "muh, he is a boomer so it was handed to him" need to go back to their video game in grandmas basement. Yes, the economy is tough right now for many and yes, it was also tough in the 80's when he started. He provides a great blueprint for success.
The last 10 minutes are a great assessment of the US.

[stevenoconnell]

Quite the talker and story teller and my what a story his life has been. Seems like this guy could make gold out of air. That being said what he had to offer on the future of the average of the population I.e. wealth gap, opportunity, education even etc, was nothing short of disappointment. I appreciate Raoul for trying to bring the conversation around to the best interest of the average person and the true dilemmas of our time but the fact that he had little to offer not only on behalf of himself but seemingly on behalf of other figures of significance in the wealthiest class was discouraging. I found it dismissive. Still a fascinating life story and interesting conversation. I’m sure he appreciated your company as it seems like it’s been a while since he’s had a chance to talk with someone since he is definitely not short on words.

[rdnylj]

Great interview. It would be great to hear what he thinks since COVID hit. Please have him back!

[adamdahl]

so much knowledge and wisdom for free...Thank you Real Vision!

[davidlong]

Great interview! One of your best! Thank you!

[keithsorlie]

Love to hear an update from this man. Excellent

[johnbailey]

Great interview, but Apple? Its share price is being propped up share repurchases and its primary recent profit growth was the 2017 tax cut! For 2015 its annual revenues #233.7 billion and for 2019 its revenues were $260.2 Billion. That is a 2.7% growth rate. Not much growth, especially if you back out inflation. Back out inflation and population growth it is probably loosing market share. In 2017 its pretax profits were $72.5 Billion and in 2019 its pre-tax profits were $65.7 Billion. Now its tax expense has been reduced from $19.1 Billion to $10.5 Billion, so all of its meager earnings growth came from the tax cut! Its EPS was $11.97 in 2019 versus $9.28 in 2015, but the EPS growth is 90% driven by buybacks with the other 10% being the tax cut. So Apple is a trillion dollar company whose dominant product is losing market share while losing profit margin, it sells at 25x, yields under 1% and it has China problems. To each his own, but I would sell.

[maxcapital]

Great interview 👍 Ral love your clothes, were do you shop?

[wzeng]

It will be great to have a follow up interview with Jeff and see his views on real estate market.

[simona]

He's in The Greatest Trade Ever by Gregory Zu Kerman. John Paulson apparently felt betrayed by Jeff...

[thecloudtechguy]

Interesting interview. I dont really believe everyone is making more money... Plus I think he missed the point on Education is a factor but Parenting is actually the real problem in the country.

[KillaDukeBadMan]

"Cash is trash" new I would hear that this interview lol

[rjlane]

more proof that naivete can also be one's super power ...

[edwardgofsky]

One of my favorite characters from one of my favorite books of all time. I have the unabridged audio book which is over 10 hours long and i have listened to it dozens of times. The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History: By Gregory Zuckerman:

[martinleepgg]

Great story and life experiences from Jeff. Take opportunities as they present, key being able to recognize them, furthermore act on them.

[LesGrossman]

Able to work, go to Harvard, save up $100k (in 1970 dollars), buy multiplexes for dirt, buy LA real estate for dirt and become a billionaire. OK, BOOMER.

[davidoconnor]

I really hope this guy listens to the pros in the comments here so that he can finally start to make some REAL money!!

[rd]

The ONLY way to "fix" the rich/poor divide is to educate the poor. The entire gap can be improved if the "poor" or even the middle class learns that their daily latte is in fact hurting them A LOT more then just the coffee and sugar.

[rw]

"as it turns out the market was SO undervalued"