1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Jacob Wolinsky
Jacob Wolinsky
Articles  | Author's Website |

Kyle Bass Warns Greece Will Default

Restructuring is the only way out of this debt mess, and "restructuring means default," Kyle Bass, managing partner of Hayman Capital, told CNBC Wednesday.

Some other quotes from Kyle Bass:

"The world seems to think they're going to have an orderly default," he added. "I've never seen an orderly default."

A year from now Europe will be going through the "dominoes of hard restructuring,"

"[The euro zone is] going to have to have 17 different TARPs; we're not going to have one super-TARP. That means we're going to be in recession again."

"This period we're about to go through, a lot of people are going to lose a lot of money."

Below is the full video:

About the author:

Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

Visit Jacob Wolinsky's Website

Rating: 2.8/5 (5 votes)


Please leave your comment:

More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Jacob Wolinsky

User Generated Screeners

EhrlingerT. Rowe Price Group
NorvasP/S good growers
danaltstreamMPB EY
AxelSalonenGrowth & True Value
gelayor65All Stocks With Blackrock Sell
jgmarisafricaGurus growth low profitability
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat