(Valuewalk) Known in the investment world for making half a billion dollars successfully by betting on the subprime financial crisis, hedge-fund guru Kyle Bass was in the headlines earlier this month with a round of ultra-bearish commentary on China. Using headline-generating words like “metastasizing” and “smoldering,” he said that China’s credit system was beginning to unravel. Bass may be right, or he may be wrong. But it’s worth remembering that he – along with any other superstar hedge fund manager – is doing what’s called “talking his book.”
Beware Hedge Fund Celebrities “Talking Their Book” in China
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