What do you think of Kyle Bass?

rfowler

Hi All,

Recently I saw a interview on BBC Hardtalk from Kyle Bass, It was very interesting did anyone else watch it?

What do you guys think of him?

Does he have a website/blogg/twitter anyone know about?

rfowler

Anyone.....

qpop

He seems very pro-gold?
http://www.bloomberg.com/news/2012-02-02/kyle-bass-urges-texas-endowment-fund-to-hold-gold-hedge-as-assets-shrink.html

If you're interested in reading about gold as an investment asset there's a very interesting Credit Suisse "yearbook" report recently released which looks at the investment returns (adjusted against inflation) of various asset classes.

https://www.credit-suisse.com/investment_banking/doc/cs_global_investment_returns_yearbook.pdf

One quote;

On the other hand, gold might be proposed as a
hedge against inflation, insofar as it is believed to
appreciate when inflation is rampant. Yet, as we
shall see, gold has given a far lower long-term
return than equities, and for that reason it is unlikely
that institutions seeking a worthwhile long-term real
return will invest heavily in gold.

Linton

I would put no faith in any of the gurus, usually from the USA, who claim to be able to predict the usually apocalyptic future and have a simple way in which you can avoid it. IMHO they are little different to the fundamentalist preachers who promise you eternal salvation if you send in a donation.

Sure, they can demonstrate their success after the event, you never hear about the unsuccessful ones.

oldtoolie

Bass is a really clever guy who has made himself very rich. He thinks gold is great.

Warren Buffett is a really clever guy who has made himself very rich. He thinks gold is useless.

Which clever guy do you want to follow? Beats me.

Here's what Warren says:

http://finance.fortune.cnn.com/2012/02/09/warren-buffett-berkshire-shareholder-letter/?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+(Top+Stories)