Bad Seats…Hey Buddy!

Posted By on March 12, 2013

Hmm…This from the very successful Kyle Bass

We are right back there! The brevity of financial memory is about two years.

I don’t get paid to be an optimist, I don’t get paid to be pessimist, I get paid to be a realist – and a prudent fiduciary of the capital, and then if i have time I care about the social issues of the world.

If I am right, the social issues are going to be very difficult.I don’t think we devolve into anarchy and I do think the payment systems will continue to work but what they will pay with will be wumpum…

We will go thru a period where its a little tougher…

We went through a period where it was briefly tough and now there are 1400 new billionaires in the world– maybe some capital was misallocated…

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