Kyle Bass’ Q3 Shareholder Letter ‘Imminent Defaults’

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Kyle Bass of Hayman Capital

Brief quote:

Whether it is Kahneman’s “availability heuristic” (wherein participants assess the probability of an event based on whether relevant examples are cognitively “available”), the Pavlovian pro-cyclicality of thought, or the extraordinary delusions of groupthink, investors in today’s sovereign debt markets can’t seem to envision the consequences of a default.

Axon Capital Up 60% In 2020; Says These Tech Stocks Are Value Stocks

Stock MarketAxon Capital was up more than 60% for the first 11 months of 2020 after making some changes to deal with the year's challenges. In his delayed third-quarter letter to investors, which was reviewed by ValueWalk, Axon's Dinakar Singh noted that the year was not only "incredibly stressful" but also "successful." Q4 2020 hedge fund Read More


Full document embedded in scribd:

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H/T to Zero Hedge

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