Bass is the famous founder of the Dallas hedge fund named Hayman Capital Management, which he initiated in 2006. He is also known well for predicting the 2008 mortgage crisis which came true making him more famous. That was when Bass made his fortune after what he predicted came true. He has since then been viewed as a genius in all matters concerning investments with the numerous interviews he goes to in various media channels more so the television shows. He was even nominated in the year 2001 for his scripts and his direction in the sixth sense.
However after making the prediction in those early years, Bass has been gambling over with comments about investments which have not been true at all. His trend has not been a true line at all with lots of views about the market which have not materialized at any point. Then in 2008 Bass investments were like 30% annually but have been dropping year by year to being devalued even in his fund performance to a -2. All this can be related to the kind of alliances that Kyle Bass has been having over the years. For instance, he is known to associate with the president of Argentina Christina Kirchner. Many business investors have been seen how she has lots of aspects of illiteracy that have in some way been transferred to Bass.
Bass recently discussed the current market situation, and he thinks that by the end of the year 2016, the will be a huge downturn of between 10%- 20%. He blames the crisis present to what Chinas economy is undergoing. That any change altered in the Chinese market will affect the economy of the United States in a very harsh way. Bass thinks that the cause of Chinas slowdown is its banking system, not the peaked profits as many other investors think. However, Bass opinions seem not totally with his made judgments earlier on about Argentina being in debts with the sovereign. Rather he reasoned like a financial minister of the country. His decisions are somewhat biased by his association with Christina more to even judging financial investments.
Bass thinks that the current status is not as bad as other investors think and they do not seem to do anything to help in the situation. He himself talks about this in the Halftime Report traders. This could be no different with his support of biased economic policies in Argentina which many think that they are irresponsible. He gives more talks about financial crisis and investment even when his foundation is on the verge of collapsing. Many people allegedly he has partnered with in investments report his cruelty and some are not well behaved for example he has at one point collided with Erich Spangenberg, a renowned guy for his naughtiness.
It is wise to give out ideas but disappointing if those ideas do not seem to make sense or even reflect the reality. Bass need to change his path in the business world.