Paul Krake – Surround Yourself With Experienced People

<p><strong>BIO: </strong>Paul Krake is a global strategist focusing on mega themes of climate, China, digitization, and demographics.</p><p><strong>STORY:</strong> Paul quit a prestigious job where he had seasoned mentors to start a hedge fund. After a few years, he realized he wasn’t mature enough or emotionally prepared to run a business on his own.</p><p><strong>LEARNING:</strong> Surround yourself with people who are more experienced than you are. Think about all the scenarios where an investment can go wrong.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“For every good idea out there, there are a million ways (that you can’t think about) for it to go wrong.”</strong></blockquote><blockquote class="ql-align-center">Paul Krake</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/paul-krake/" rel="noopener noreferrer" target="_blank"><strong>Paul Krake</strong></a> is a global strategist focusing on mega themes of climate, China, digitization, and demographics. <a href="https://viewfromthepeak.com.hk/" rel="noopener noreferrer" target="_blank">View from the Peak</a>, Paul’s consultancy was formed in 2011 after an 18-year career in investment banking and as a macro hedge fund manager, where he covers global institutions on these mega themes. His latest venture is <a href="https://climatetransformed.com/" rel="noopener noreferrer" target="_blank">Climate Transformed</a>, a global community of climate investors, entrepreneurs, and corporate leaders who are practically implementing the $100 trillion investment required for us to achieve decarbonization and sustainability.</p><h2>Worst investment ever</h2><p>Paul’s dad passed away in November 2004, and a couple of days after his funeral, Paul was sitting in his mom’s backyard at four in the morning. At that moment, he thought of the idea of starting a fund.</p><p>Paul went ahead with his idea and started a hedge fund even though the timing was wrong, and it was for all the wrong reasons to follow through with this ide