Why Kyle Bass Is Betting on Divergent, and What It Says About the Future of Manufacturing

Kyle Bass has spent much of his career looking at big economic trends before everyone else does. The founder of Hayman Capital Management became famous for betting against the U.S. housing market before the 2008 financial crisis, a move that put him among a small group of investors who saw the crisis coming before most of Wall Street. Since then, he has built a reputation as one of the investment world’s most candid voices on manufacturing, supply chains, and the risks of relying too heavily on China for critical manufacturing. In several interviews, he has argued that the United States needs to rebuild its industrial base to reduce those dependencies.

So when Bass starts talking about a manufacturing company, people listen. One of those companies is Divergent. The California-based compan