Prognostication can be a tough business. The winning percentage is probably lower than a good professional baseball player’s batting average; but one correct prediction can go a long way. Just ask Hayman Capital Management principal Kyle Bass “Why Predictions Fail.”
“Annual Vanity Fair New Establishment Summit”
Entertainment and finance have merged with cable shows, Social Media and smart phones sharing predictions 24/7/365. In order to spark debate about topics, such as “Why Things Fail,” Vanity Fair has invited Mr. Bass, Amazon’s Jeff Bezos and Secretary of the Interior Sally Jewell to its October 19th and 20th summit in San Francisco. Of course, Mr. Bass is an expert at why the global banking system failed during the 2008 Sub-Prime Crisis.
During this crisis, global Capitalists warned everyone that immediate bailouts were necessary to save the Too Big to Fail banks. For what would anyone do without JP Morgan, Citibank, Bank of America or Wells Fargo?
“Why Japan Will Fail by Mr. Bass”
Unfortunately, not all of Mr. Bass’ predictions have turned out as rosy as the United States one. Since 2010, Kyle Bass has been predicting the collapse of the Japanese economy. As of 2016, the Japanese economy was still one of the strongest in the world. So, what went wrong?
Kyle Bass also defended General Motors when it was facing lawsuits over faulty air bags and power steering. Mr. Bass decided to “blame the victims.” This questionable behavior has even led to a lawsuit by the American Sniper widow.
“Don’t Cry for Bass, Argentina”
When Argentina came a’knocking on Kyle Bass’ door, he supported their decision to default on its debt for the second time in 13 years. American bankers fumed over this traitor.
So why is Kyle Bass, so popular? In the 24/7/365 “cookie-cutter” infotainment media world, the contrarian view is quite valuable. Mr. Bass avoids the “crowded trade” that is modern infotainment. See just why this happens to be the truth on UsefulStooges, through the following link: https://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/.