Paul Singer

“Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way.”

“'What am I missing?' is a much more important question than 'How cool am I?'”

“So many people, including stark conservatives, have family members and close friends who are gay.”

“It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.”

“My concern as a citizen and as a money manager is, Oh my God, at what point does a 'whoa' moment happen to these people who own $30 trillion fixed income instruments?”

“In government, the forces of risk-aversion and constant conflict serve to stultify and narrow the range of ideas up for debate.”

“I've never let my guard down by saying, 'I don't need to be hedged.'”

“Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.”

“Margin is a customer concept.”

“The building block of every community is family.”

“Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.”

“Check out London, Manhattan, Aspen and East Hampton real estate prices, as well as high-end art prices, to see what the leading edge of hyperinflation could look like.”

“While many of Mr. Obama's ideas warrant skepticism, conservative opposition to any expanded role for government is a mistake.”

“Capital is kind of a banking concept.”

“You have got to welcome and embrace complexity.”

“Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.”

“'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.”

“What you have in legacy countries is long-term insolvency.”

“Derivatives trading should be standardized and as much as possible moved to clearinghouses.”

“The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.”