Tuesday, August 17, 2010


I want to provide videos of Kyle Bass that are simply well spoken and scary.  Kyle was the Hedge Fund Manager in 2007 that made billions on his investments to short subprime debt.  Kyle is different than most because he is analytical and has a willingness to use his analysis to make real trades that take time to unfold.  In this world no one has patience to see a strategy play out over 3 months, much less 3 years.  Kyle and his team are different. 

The CNBC special "House of Cards" highlighted Kyle and his work and if you haven't seen it, you should because it shows how much group think permeates wall street and for that matter main street.  When everyone believes that housing values never go down or treasuries are the best investment ever, then you know that disaster is right around the corner. 

Each video is 8 minutes long.  If you can't watch both, watch Part 2.  This is the truth without a bunch of spin, and it is scary stuff.  Most of Wall Street and Main Street make bets assuming that they will be smart enough and fast enough to exit before everyone else does.  Kyle doesn't mess around with that and he makes large bets early and then simply shares the awful reality.  If you haven't guessed yet, I like him!


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