How Bill Gross Built a Bond Empire—Then Lost It All
For a long time, bond investing was considered a sleepy backwater. Then Pimco came along.
Bill Gross discovered that bonds could be traded. He founded Pimco and proceeded to make a lot of money from bond investing, sometimes in controversial ways.
Mary Childs just published a book on Gross called, “The Bond King: How One Man Made a Market, Built an Empire and Lost It All.”
Bloomberg podcast 4 April 2022
Former Pimco ‘bond king’ predicts central bank will be unable to go above 2.5% to 3%
“We’ve just gotten used to lower and lower rates and anything much higher will break the housing market.”
https://englundmacro.blogspot.com/2022/03/bill-gross-warns-fed-rate-rises-will.html
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