Kyle Bass is to blame for his own mistakes, and the situation he is in with T. Boone Pickens is no different from any other times he has done wrong. He is someone who has been successful on the market when he bet against subprime mortgages, but he now spends most of his time talking on TV about finances. He is not very good at what he does because he hops from one wild theory to another, and he will take advice that is not very sound just because it might sound good on TV.
He is someone who has been in Texas for a long time, and he is acquainted with the energy industry, and he has recently been using information that he got from T. Boone Pickens to make his investments. There are a lot of things that he has done in the past that were based on his own calculations, but now he is going to take a major hit because of the advice that he might have gotten from someone who works exclusively in energy.
The advice will likely not pan out very well for Kyle Bass, and he has to live with that. He has not done well with his hedge fund since the financial crisis started, and he needs to be sure that he can keep his money in his pocket. However, he does not seem like he will be able to do that. He is still trafficking in wild theories, and that might not ever stop.
Someone who has seen Kyle Bass on TV needs to remember that he does not even feel responsible for his own actions. He is willing to blame other people for his bad choices, and it comes back to haunt him. Kyle Bass is merely finding another way to lose his money.