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Successful? I wouldn't go so far as to call him that. I used to watch Kyle Bass youtube interviews bc his arguments are interesting. But when I researched his t
by kristianov 7y ago
Successful? I wouldn't go so far as to call him that. I used to watch Kyle Bass youtube interviews bc his arguments are interesting. But when I researched his track record, I stopped. It appears, after his win in the 2007/8 CDS crisis, he has been wrong non-stop: his EU short in 2009 went south, his bet on Japan debt bubble burst didn't materialize (losing 61% investor money in the process), and his famous nickel bet became an Internet meme...
He's now betting on HK and China's impending collapse. It could happen, but I wouldn't trust him too much.
- sremani 7y agoYou are talking about 10-12 year old stuff and he still has his shop.. so I guess he is successful in being in the business - if that makes you happy.
- kristianov 7y agoHis recent 8-year annualized return is 1.56%. Very successful indeed. Hope he keeps his job.
- sremani 7y agoI guess so - but again this the interview of the Chinese billionaire.
- BubRoss 7y agoDid Jack Ma not hand over his shares to five unnamed individuals? That is what is being said here, everything else is irrelevant in this context.