"I constantly feel inadequate, which may be what drives me," Kyle Bass tells Raoul Pal in this excellent discussion between two of the world's foremost (non-status-quo-hugging everything-will-be-fine) market practitioners. The interview with Bass, from the newly launched Real Vision TV, covers everything from how he got started in his career, what drives him, his process "it's an art - there is no science to it", and not only how we got here, but where we are going (inevitably)...

How do you find trades? "I wish I could tell you there was some magical screen but in fact "it's an art - there is no science to it"

For example...

"How did I get involved in Japan? When the bad assets were moving from private balance sheets to public balance sheets, I decided to look around the world to try to understand what the public balance sheets looked like (this is in late 2008)... and found them right at what I believe is an inflection point - when their population began to decline."

Bass also explains how he deals with the ubiquitous negativity that comes with being wrong on occasion as a fund manager...