Cold Call: Chester "Chet" Paulson

Over 20 years ago, you put up seed money to start cable television's Financial News Network, the precursor to CNBC. How much seed money did you put up, and how did Financial News Network differ from today's CNBC?

I provided between $80,000 to $100,000 and purchased a number of 30-second advertising spots. What's different? What's the same?! Mainly, I think the original network had a purer heart back then as compared to the CNBC of today, which tends to prefer sensationalism in their market coverage.

If you were to create an online “blog” about the financial-advisory business, what would it be called?

“Paulson Pulse”

When you were an adolescent, what did you want to be when you grew up?

I was always interested in political science and economics as a teenager. Since I'm constantly analyzing companies and stocks, I do believe I found the perfect fit for my interests.

You got a bachelor's degree in Economics at the University of Oregon. Who is the economist you most respect?

Joseph Schumpeter: He was a giant in the history of economic thought. He explained innovation and economic growth and tried to integrate sociology into his economic theories.

Post-it notes: good or bad?

Absolutely good. At my age, you learn to live by them.

Where did your last overseas flight take you?

I traveled to Milan, Italy, primarily for business, but I ended up taking some personal time to tour some wineries.

First stock you bought and why?

Honestly, it was so long ago, I have no idea what the first stock I purchased was. But I am sure my motive was to make a profit.