Kyle Bass $JPY - too bad he's wrong
it's too bad that he has an incorrect understanding on systemic risk. he should probably consider the difference between currency users and currency issuers.
i love that he is passionate... and that passion should be commended.
ironically he was asked where he was investing in the united states right now and went long housing... but didn't mention anything phone book related. good job, because i support the thesis that the phrase "phone books" is an extreme credibility diluter... but it would have been cool to see him note that he has a sizable position in them.
i really liked his analogy of the golf course where they score a hole and then move onto the next one.
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Glen's Musings — AI, investing, and building things. Occasional. Free.
Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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