Kyle Bass, famed Hedge fund investor is seeing his losses pile up in his
bets against China. His commentary on China looks increasingly unhinged
without facts or reason behind them.
After becoming famous for his subprime mortgage bets his fund went on to
massively underperform the markets averaging only 1.5% over the next 8 years.
He then was on the wrong side of predicting a crash in Japan and as now moved
onto China. His fund, has now become a small shadow of its former self as
investors look for returns elsewhere.
Like a modern day Captain Ahab, the white whale in the mind of Bass was
Japan and now its China. And we all know what happened to Captain Ahab.
The whale returns to Ahab, who stabs at him again. The line loops around
Ahab’s neck, and as the stricken whale swims away, the captain is drawn with
him out of sight.