Intro

This chapter recounts a crucial 2006 risk presentation that foreshadowed financial troubles, provoking skepticism among peers. It also explores the collapse of Bear Stearns and introduces an innovative technology solution for property management that enhances banking efficiency for businesses.

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Kyle Bass is the Founder/CIO of Hayman Capital Management, L.P., an investment manager of private funds focused on global event-driven opportunities, and the Co-Founder and Chief Executive Officer of Conservation Equity Management, an impact and natural capital private equity firm.

Kyle is also the Co-Chief Executive Officer of the newly formed Rochefort Management, a private credit firm focused on the Critical Technology Initiative – a joint effort between the Small Business Administration and the Department of Defense to attract private investment into technology areas deemed critical to national and economic security.

Mr. Bass is a Life Member of the Council on Foreign Relations and the recipient of the 2019 Foreign Policy Association Medal for his responsible internationalism. Mr. Bass has lectured on global economics, national security, geopolitics, and the architecture of the Chinese financial system at various universities. Mr. Bass is the former Chair of the Risk Committee of the Board of Directors of the University of Texas Investment Management Company (UTIMCO), which manages approximately $75 billion.

We discuss:

- Predicting the GFC and attempting to warn Bear Stearns and the SEC of the coming collapse

- The global state of affairs: China, Taiwan, Russia, Iran and BRICS

- How the U.S. and Trump should combat China

- The rise of the U.S. Defense-Tech industry

- Why Texas is the Growth Engine for the world

(00:00:00) - Intro

(00:04:03) - Introducing Kyle

(00:05:58) - Short-Selling Thesis

(00:11:45) - Predicting the GFC

(00:19:50) - Trying to warn Bear Stearns & the SEC

(00:25:39) - How to hire a contrarian