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Thursday, 06/27/2019 9:37:13 AM

Thursday, June 27, 2019 9:37:13 AM

Post# of 10657
G20 28+29th Osaka: “Ignore & Brace 4more Trump Tariffs.”

Hedgie Kyle Bass quoted above. —Quoted subject line & link:

( HEDGE FUND MANAGER’S LAST EIGHT YEARS 1.56% ANNUALIZED IS TERRIBLE! )

“Kyle Bass says Wall Street investors should ignore G-20 and brace for a fresh round of Trump tariffs.”


I’LL BET THE TARIFF WARS ARE CEASED WITH AN AGREEMENT SOON AFTER G20, IF NOT ON G20 THIS MONTH.
( We’ll now soon see who’s right. Kyle or me. ) Challenging the reckless spitfire hedgie to see who wins!


WIKI QUOTED: “J. Kyle Bass (born September 7, 1969) is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global event-driven opportunities. In 2008, Bass successfully predicted and effectively bet against the U.S. subprime mortgage crisis by purchasing credit default swaps on subprime securities which, in turn, increased in value when the real estate bubble burst. Bass has made prominent bets on Japan, European sovereign debt and, most recently, China. Since Hayman Capital's inception in 2006, the fund has returned 436.75% and an annualized return of 16.7%. In 2007, Hayman earned 212% by shorting subprime mortgages. In the next 8 years, the fund averaged 1.56% annualized.
End quote.

IMHO:
Kyle Bass was youngest director of Bear Sterns at 28. This below explains why he was a reckless PSEUDO-PERFORMER at 28. Not slick or smart.
Bear Sterns was sold to JP Morgan for $10/share, after a 52 high of $133. .
After documenting $66 billion in cash & $350 billion in assets in 2006; they SEC restated 13.4 TRILLION in hidden JUNK derivatives. They over-leveraged by over 3X; then over-invested in (Collateralized Debt Obligations) JUNK CDO’s; —then imploded. Two other managers like him were arrested. Thank goodness we owned none!
RECKLESS ‘Naked Short Selling’ was the reason for Lehman & Bear Sterns failure. HEY! THEY GOTTA SHOW QUARTERLY PERFORMANCE TO KEEP THEIR JOB, AYE?!! So much for short term investing...


GO LONG VALUE YSYB CONGLOMERATE NON-GMO & ORGANIC YANGLIN SOYBEAN GROUP!

GO NON-GMO YSYB!
>>>>>>>>>>>>>>>>>>>>>>

https://www.marketwatch.com/story/kyle-bass-investors-should-ignore-g20-meeting-and-prepare-for-another-round-of-trump-tariffs-2019-06-26

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