Kyle Bass’ Hot Streak Has Met An Untimely End

Hayman Capital CEO Kyle Bass was riding high when he predicted the 2008 market crash. In fact, he made a bundle. Today, things aren’t going quite as well. The cockey hedge fund manager has made some pretty questionable moves as of late. And a couple are costing him a pretty penny.

Bass makes non-stop rounds on whatever business show will book him to give his predictions on what’s going to happen next in the world of business. In most cases, he’s been dead wrong. Not only has Bass continued to make wildly inaccurate predictions, he’s keeping company with some of the worst people on the planet.

Former Argentinian despot Cristina Fernandez de Kirchner nearly drove her country’s economy into the ground with her policies. They have yet to recover. Despite her blunders, Bass defends her. He also buddies up with another equally as putrid character, Erich Spangenberg of Coalition for Affordable Drugs. This loser is a real piece of work. Bass and Spangenberg have colluded to challenge patents. Needless-to-say, he isn’t exactly popular in the pharmaceutical industry.

In Bass’s latest debacle, he poured a fortune into something he called a massive opportunity. Apparently, Bass got some bad advice regarding U.S. oil reserves.

Bass grew up in Texas and graduated from Texas Christian University in 1992. He spent some time at Prudential Securities and then at Bear Stearns.