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" 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. "

Paul Singer

Real

See

Real Estate

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" Stability is not the way of the world. "

" The bottom line is that the euro is a failed experiment. "

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

" The building block of every community is family. "

" There is no safe haven in today's markets. "

" Obviously, the institution of marriage in America has utterly collapsed. "

" 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. "

" A great deal of stupidity has chipped away at the massive advantages of Western civilization, which could terminally decline if it remains on the current path. But these problems can be solved - and swiftly - if the right leaders emerge. "

" It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans. "

" Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear. "

" The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over. "

" What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts. "

Paul Singer

Nuts

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" 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. "

Paul Singer

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" 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. "

" In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent. "

" You have got to welcome and embrace complexity. "

" America is a place where the freedom to be who you are shouldn't be a barrier to your ability to get a job and provide for your family. "

" In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance. "

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

" What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined. "

" There's a feeling among some people that the Republican party is harsh on some things. "

" Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state. "

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

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

" 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? "

" Successful hedge funds will be entrepreneurial; it is the essence of the craft. "

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

" Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system. "

" Capital is kind of a banking concept. "

" I'm rarely optimistic. "

Paul Singer

Rarely

Optimistic