Kyle Bass is a well known hedge fund manager that first made headlines back in 2008, after it appeared that he predicted 2008’s economic crash. However, there has been speculation that he may have simply been spreading information that was given to him by another investor. After this accurate investment advice, the predictions that he has made regarding the economy have had a tendency to be highly inaccurate, and his appearances on television have been far less profitable. Despite this, Kyle Bass appears to have a lot to say. In fact, he is significantly more visible on television than in the past. In addition to making inaccurate predictions about the economy, he has been involved in ethically questionable schemes to make money and formed associations with questionable characters in the business world.
Unfortunately, many people listen to his investment advice, believing him to be an expert. Some investments that he has recommended are not only bad advice, but they simply aren’t even possible to make. Once he gave the advice to make invest against China’s currency, despite the fact that their currency is too regulated for anyone to do this.
Another bit of advice he gave to investors was to keep drug companies from getting patents on medications they create to have the drugs manufactured themselves. This wouldn’t be possible for very many investors to do, given the high quality lawyers that defend drug companies in court.
However, this is very similar to Kyle Bass’ notorious scheme that denies drug companies patents. After he denies the patents, he invests large amounts of stock for the purpose of making money after drug companies recover from the damage he caused them. He has founded an entire organization for this purpose, and it has kept many people from receiving appropriate treatment.
Given the harebrained nature of a lot of his advice, it seems questionable if he even fully believes it himself. While it is possible that he does, he also could be just looking for things to say to give himself visibility and gain followers.