5 Things we Learned from Kyle Bass

By Patrick Dunuwila via StockTwits Blog

Legendary hedge fund manager Kyle Bass gained notoriety for accurately predicting and profiting from the 2008 financial crisis. Bass was early to notice a bubble forming in subprime mortgages and in 2007 began purchasing credit default swaps on subprime residential mortgage backed securities. When the housing market finally collapsed Bass made hundreds of millions of dollars from his position. Our partners at Real Vision TV recently sat down with Bass for an interview. Here are some powerful insights from his talk.

1.) “There’s no true science to it, it’s an Art”

This was Bass’ response when being asked about his procedure on finding trade ideas. What he meant by this was that as an experienced investor he’s able to successfully rely on his intuition when scoping out opportunities. Through years of practice and dedication he’
found his own style and method. There isn’t an exact formula behind it, either. Instead, he’s an artist carefully and creatively scanning the world for investment ideas.

2.)  He has an incredibly high level of conviction with his trades

Once Bass has established a thesis on a particular trade, he has complete confidence in it. It no longer matters what other people think. For example, before the housing market collapsed there were plenty of market professionals that told him he was crazy. Continue reading

Best Online Trading Websites and Resources

Here’s a list of my favorite online trading websites & resources. These sites are essential to beginning traders. Each site is unique and when used together will help you to stay informed as a trader.

StockTwits.com — Great platform for sharing ideas, charts and trade with other retail investors. StockTwits can be a powerful tool for gauging sentiment on particular stocks as well as see which stocks are trending, all in real time.

TradingView.com — Awesome site for creating and sharing visually appealing charts. Truly a perfect site for technical analysts. TradingView allows you to share charts directly to Twitter or StockTwits.

ETFdb.com — The best source on the web for research and information on exchange traded funds.

FinViz.com — Very popular for charts and heat maps of the markets. I find it the most useful to check either pre-market or post-market. It’s packed with useful data and information including insider activity and major news.

Estimize.com — Crowdsourced earnings estimate site that provides insight to the real whisper number to beat. Super useful site during earnings season.

SeekingAlpha.com — Great site for staying up-to-date with the stocks on your watch list. Freelance writers post articles analyzing particular stocks as well as global macro trends.

My Most Trusted Market News Sources 

Both Market Watch and Bloomberg are my favorite financial news outlets. They both report the major financial news but each have different editorial articles. Download the apps on your iPhone and turn on push notifications to stay up-to-date.