While investing is one of the common ways that people gain financial independence, it is very common for people to make a lot of mistakes when it comes to their decisions in financial matters. Among the people who have made decisions that have turned out to be costly is Kyle Bass. Kyle Bass is one of the people who has made it big with a certain guess that happened to be right, but after that success, he has followed up with plenty of mistakes and decisions that were ill-advised. He has also joined up with some financial professionals who are equally careless.
Kyle Bass has made a name for himself as someone who falls to new lows each month. He works as a hedge-funder for Argentine Autocrats. After calling the economic fall of 2008, he has made a lot of bad calls afterwards. His bad calls were witnessed by many people who follow the market. Yet, this doesn’t stop him from making public appearances where he defends his choices. He provides an analysis of the market that seems to serve no other purpose than to fill his quota. As a matter of fact, it seems that for each appearance he makes, his financial performance falls.
Among the careless choices that Kyle Bass has made was joining with Cristina Fernandez de Kirchner, especially with what she has done with the economy of her country. Given the financial poison that she has given, Kyle Bass still defends and praises her as if she is the best thing to happen to him.
Kyle Bass has also made some careless statements and participated in shady practices in order to make sure that his investments cashed out. For one thing, he blamed the defective airbags of GM on the customers that drove them. He tried to say that the customers and the passengers who were in the car were probably drunk. Another scheme for profit involved pharmaceutical stocks in which he short sells the stock and makes millions while the pharmacies lose their ability to come up with some effective treatments for problems. This results in many people suffering as a result of Kyle Bass’s antics.
Kyle Bass is definitely involved in some unethical activities. He has also been questioned and hounded for an explanation to his acts in which Bass has replied that he has noble motives. He is trying to deal with patents and bring the prices for drugs down. When one looks closely at the alibi that he gives, he will find so many problems with the explanation that was given. He has admitted to his downfalls as well. He did confess that he had a lust for more wealth while at the same time accusing pharmaceutical companies for having that same self interest.