Raoul Pal

Raoul Pal worked at Goldman Sachs managing macro hedge funds before retiring at 36 to focus on research and media. He founded Global Macro Investor, a research service for hedge funds and institutions, and co-founded Real Vision with Grant Williams — a financial media platform featuring long-form video interviews with professional investors. Pal became well-known for his early and persistent macro thesis on digital assets, particularly Bitcoin, framed through monetary debasement and institutional adoption narratives. Real Vision grew into one of the most influential platforms for professional financial content. His macro framework, which analyzes monetary policy cycles, debt dynamics, and demographic trends to generate long-horizon investment theses, has attracted a global following among sophisticated investors who find mainstream financial media insufficiently rigorous in its analysis of structural economic forces.