I've spoken about this idiot many times in the past. (And commented on his idiotic calls.)
This is what happens when you fundamentally don't understand how the monetary system works.
The guy's fund is down 46% since 2013. Not surprising.
What surprises me is who gives this guy money to manage? BTW...the S&P is up 270% in the same period of time. And the average hedge fund way underperformed the market, not as bad as Bass, but well below the market's return.
They all suck.
Schiff probably the same.
5 comments:
Might be short China....
Hedge funds are the new dumb money. Their returns are leveraged beta masquerading as alpha.
When you say "his fund," it's just as you say: he is just managing other people's money and he just skims a few percentages off the top as "managerial fees"? A few %'s off billions a year is not a bad gig if you can find the fools to hand over their money to you.
Mike, the guy is a genius ;)
Lastgeek...
You're right. I'm the idiot.
https://www.cnbc.com/2019/04/26/steve-bannon-kyle-bass-say-wall-street-is-funding-china-fight-with-us.html
“ Building on Bannon’s argument, Bass — a known China bear, who is also the founder and chief investment officer of Hayman Capital Management”
They might have a macro short on China…
If we could confiscate all China’s USTs in civil damages for the virus then it think China would go down pretty substantially….
Post a Comment