Kyle Bass Gets It All Wrong On Oil
Kyle Bass has a hedge fund in Dallas that he used to bet really big on oil, and that is something that a lot of people were not sure would work. He wanted to be invested in oil because he thought that the technology for other kinds of energy was just not viable yet. He wanted to be as big and splashy as he could with his investments, but it did not work. That is something that people are not surprised by, and they have seen him as a gambler for a long time.
Kyle Bass has always been pretty good with betting money because he is rich enough to do it, but other people who follow what he does know that he is just not the right person to work with. He has taken a big stance on a lot of different things that have not panned out, and sometimes it looks like he does not do his research. Other big investors already pulled out of energy because they knew that it would be a bad investment, and that is where Kyle Bass misses out.
The investors that want to get the best results should probably go with other investors, and they need to try out what the analysts are saying about Kyle Bass. He is wrong for a lot of people who need information, and his hedge fund is actually down about 7% just because of the oil losses he took. That is dangerous for people who want to make more money from investment instead of just guessing at how to manage their money. Read more about Kyle Bass’ investment history in the UsefulStooges article, The Frantic Investments of a Desperate Gambler: https://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/