Opportunism is a tenant of Communist thought, and is what defined Lenin’s career. Abreast of political changes, he rode out the violence abroad then skated in on a train with a bunch of money and started the revolution. Stalin was a bank-robber before his bureaucratic belligerence bore him to the top. Kyle Bass may not be the socialistic dictator of another country, but he’s closely tied to a woman who is, and he’s certainly opportunistic.
Kyle Bass is hand-in-glove with Cristina Fernandez de Kirchner, and in all media appearances he supports her decisions. This is extremely suspect for a number of reasons, but background is required. De Kirchner defaulted Argentina twice over the course of thirteen years. Meanwhile Bass came to fame internationally by predicting America’s poor economic practices would result in collapse. The disconnect may be subtle, but it’s there. Bass saw trends resulting in economic decline, and using that knowledge catapulted himself into a point where he regularly makes mainstream media appearances. Yet the same kind of observation leveled against his own country would predicate a disassociation with de Kirchner. That Bass instead endorses her indicates an undercurrent theme beyond the exterior facts available to the public.
Financial markets are steeped in opportunism, though not all opportunities are the kind worth following. For example: a man walking down the street could see a baby with a candy. There’s an easy opportunity to steal the candy and get away. Is it a good opportunity? Bass may think so, because he’s using infirm people to make millions by devaluing pharmaceutical stock legally and short-selling his holdings. This devaluing of pharmaceutical stock through the decrease of medication cost ends up restricting available assets for departments such as R&D. When there’s no research, when there’s no development, when there’s no progress, then breakthroughs on the verge of saving lives are halted. Now Kyle Bass would say otherwise. He would say that CAD, the Coalition for Affordable Drugs, merely attacks juggernaut companies unfairly taking money out of the wallets of the sick. But the thing about miracle medication is, it requires millions to develop; and if a company is going to develop it, it’s got to have profit enough to do so. In essence, what Bass is doing is stealing not from a baby, but from the sometimes terminally ill. And to what end? To make cash on the stock-market. That’s not the kind of opportunist worth following into financial markets; that’s the kind of opportunist that should be avoided.