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Kyle Bass: Chronic Anxiety In Jazz

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Hedge fund manager, Kyle Bass, became famous after predicating and finically benefitting from the subprime mortgage crisis that hit America around 2008. Kyle Bass is a unique individual because he was able to use self-differentiated techniques during the time of the financial crisis that lead him to flourish, instead of regressing like most of his peers in the finical market. Friedman’s thesis is based on the chronic anxiety that is effecting modern America, and leading to “an emotional regression that is toxic to well-defined leadership” (Friedman, 2007, p 53). Chronic anxiety is self-reinforcing, meaning the greater the chronic anxiety in any community, the more prevalent the symptoms will become, and the chances of the chronic anxiety spreading throughout a community greatly increase. The symptoms of chronic anxiety include: reactivity, herding, …show more content…

Bass moved away from the consensus group of financial advisors, to a healthy place of self-differentiation that lead him to make better decisions than his counterparts. Bass had the power to focus on strength as an individual, instead of “herding” with the rest of his peers (Friedman, 2007, p 81). Even after Bass’ counterparts insulted him as he tried to explain the downfall of their logic, he remained non-anxious with them. (Friedman, 2007, p 89). Bass had what Friedman describes as the ability to form “thick skin” when interacting with his peers about their financial securities. He listened to their response from a place that was not defensive or difficult to the other analyst after his ideas were attacked. Therefore Kyle Bass has self-awareness and understanding about the dynamics of self-differentiation and how they are invaluable as a leader (Freidman, 2007, p 183 and p

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