Global Macro Trading Journal

Quote from ralph00:
WTF? Have you checked with his investors. I don't think they find him silly.

You want bottom-up? How about "Whit" Tilson - the guy wouldn't know what macro was if it slapped him upside the head. Loses money for his investors quarter after quarter.

BTW, the full 30 minute interview is available, and Bass explains himself a lot more. His "asymetric" bets (mortgages blowing up, periphery blowing up, now Japan blowing up) are nearly free hedges against what is otherwise a mostly long portfolio.

This guy purchased CDS on RMBS for practically nothing in 2005-06. He then purchased German paper in 2008, paying for it by selling Greek paper (costing him carry of about 10 bps, that one has only blown out about 100X). Now he's purchased nearly free protection on a Japan bust-up. Silly indeed.

Possibly the most ignorant post you've ever written.
More...
Right, I can see that both yourself and GoC are fans of Kyle Bass, so this is my response to GoC as well as yourself... Firstly, my comment wasn't ad hominem. I have nothing against Kyle Bass specifically. I have a problem generally with people who go on TV and tell stories. This includes Hugh Hendry, Tilson, Bass, Einhorn, etc. They have a strategy which, while effective, I can't have any respect for.

As to the substance of what Kyle Bass is saying, I would be happy to present you with a more detailed critique later on today.

And no, this certainly wasn't my most ignorant and sloppy post. That honor belongs to the posts I have made last night about the Eurozone.
 
Quote from Martinghoul:

Right, I can see that both yourself and GoC are fans of Kyle Bass, so this is my response to GoC as well as yourself... Firstly, my comment wasn't ad hominem. I have nothing against Kyle Bass specifically. I have a problem generally with people who go on TV and tell stories. This includes Hugh Hendry, Tilson, Bass, Einhorn, etc. They have a strategy which, while effective, I can't have any respect for.

As to the substance of what Kyle Bass is saying, I would be happy to present you with a more detailed critique later on today.

And no, this certainly wasn't my most ignorant and sloppy post. That honor belongs to the posts I have made last night about the Eurozone.
More...

Well those comments last night were just a case of getting some numbers mixed up. Your dislike of a guy like Bass seems to have more to do with the message he is delivering?

I too have an issue with publicity hounds, but mostly with publicity hounds whose genius lies not in managing money, but in getting on TV a lot (cough, Tilson, cough) and sounding like they know what the fukc they're talking about.
 
Quote from ralph00:
Well those comments last night were just a case of getting some numbers mixed up. Your dislike of a guy like Bass seems to have more to do with the message he is delivering?

I too have an issue with publicity hounds, but mostly with publicity hounds whose genius lies not in managing money, but in getting on TV a lot (cough, Tilson, cough) and sounding like they know what the fukc they're talking about.
More...
Not at all... I don't mind Bass specifically at all, as I have said. I don't even have a problem with his message, even though, as I said, I will be able to adress it more meaningfully later. What I do have a problem with is people like Kyle Bass etc, who are on TV to tell a story. I just don't see why you think Bass is any better (or worse) than Tilson.
 
Quote from Martinghoul:

Not at all... I don't mind Bass specifically at all, as I have said. I don't even have a problem with his message, even though, as I said, I will be able to adress it more meaningfully later. What I do have a problem with is people like Kyle Bass etc, who are on TV to tell a story. I just don't see why you think Bass is any better (or worse) than Tilson.
More...

I dunno. Maybe because he makes money for his investors. Maybe because he's helped me make money. I mean, WTF, that's what we're here for. I await, with bated breath, your detailed critique of his thesis. Do get your number right this time, please.:D
 
Quote from ralph00:

I await, with bated breath, your detailed critique of his thesis.
More...

Don't get your hopes up.

Not saying it will be bad, but prepare to be disappointed. :D
 
Quote from ralph00:
I dunno. Maybe because he makes money for his investors. Maybe because he's helped me make money. I mean, WTF, that's what we're here for. I await, with bated breath, your detailed critique of his thesis. Do get your number right this time, please.:D
More...
Well, I thought Tilson used to make money for his investors, but what do I know. And yes, I will try to get my numbers right this time.
Quote from benwm:
Don't get your hopes up.

Not saying it will be bad, but prepare to be disappointed. :D
More...
Huh? What's this for? What's your issue?
 
You must log in or register to reply here.
Back
Top