POWERS #378 - Kyle Bass - Founder/CIO @ Hayman Capital Management, L.P. - Invest In America
52 snips
Feb 18, 2025 
Kyle Bass, Founder and CIO of Hayman Capital Management, shares insights on predicting the 2008 financial crisis and the risks posed by global powers like China, Russia, and Iran. He discusses Texas as a burgeoning economic powerhouse, driven by innovation and favorable policies. Bass emphasizes the revival of American manufacturing, particularly in defense tech, and the importance of connecting innovators with military needs. He critiques U.S. foreign policy and highlights the pressing need for legislative measures to protect national interests amid foreign investments.
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First Short Sell
- Kyle Bass's first short sell involved a German shipyard after the fall of the Berlin Wall.
- On-site investigations revealed company funds were misused, leading to its eventual closure.
Housing Market Vulnerability
- In 2006, no Wall Street model considered flat home price appreciation.
- Bass realized this vulnerability after a conversation with a mortgage analyst.
Warning Bear Stearns
- Kyle Bass warned Bear Stearns about the impending financial crisis, but they dismissed his concerns.
- After the collapse, Bear Stearns's CEO blamed Bass, among others, for their demise.
