The Bond King: How One Man Made a Market, Built an Empire, and Lost It All

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Pretty good? Gross does seem extremely intelligent, and his criticisms of the finance industry and the groupthink of large corporations definitely rang true. He didn't beat the market for three decades by being dumb. But ultimately, finance is not mostly about being smart! It's about marketing the appearance of being smart, while using insider trading, monopolization, and the faith and credit of real money that real people made by doing real jobs to subsidize their fake jobs. The savings and loan crisis revealed this, the mortgage crisis revealed this, crypto revealed this. Gross is mad at the company he made because they want him to be a better salesman in a time when he made some bad decisions. He doesn't want to be accountable for those decisions. This makes him sound whiny and not smart. a b c Darmiento, Laurence (October 26, 2020). "Investor Bill Gross accused of blaring 'Gilligan's Island' song on loop to torment neighbor". Los Angeles Times . Retrieved December 23, 2020. Ben Stein - A License to Steal: the Untold Story of Michael Milken and the Conspiracy to Bilk the Nation, Simon & Schuster, 1992

The Bond King ♕ — mary childs The Bond King ♕ — mary childs

Farrell, Greg; Burton, Katherine; Gittelsohn, John (June 15, 2018). "Trump Insiders Seek Pardon for 'Junk Bond King' Michael Milken". Bloomberg.com. Archived from the original on June 15, 2018 . Retrieved June 18, 2018. Their neighbors didn't like the look of this net-covered sculpture. They said it obstructed their view and asked Bill and Amy to remove the sculpture. Bill and Amy refused. So the neighbors complained to the city of Laguna Beach, and the city ended up telling Bill and Amy they needed permits for the sculpture (apparently, Laguna Beach has a lot of regulations). Well, the book is now out. It's called The Bond King: How One Man Made a Market, Built an Empire, and Lost It All. And I gotta say: It's amazingly good. It cuts through all the mind-numbing jargon of the finance world to provide an accessible and illuminating look at the rise of the multitrillion-dollar bond market. It's beautifully written. It's meticulously researched and reported. It's eye opening. And it centers on a fascinating and entertaining character whose journey takes us right to the heart of the story of high finance over the last half century. The Bond KingYou may change or cancel your subscription or trial at any time online. Simply log into Settings & Account and select "Cancel" on the right-hand side. Well written. . . a deeply researched book about one of those money men who made a fortune and lost it all and changed finance but not for the better." — Roxane Gay Dodgers' Guggenheim subject of SEC probe over Michael Milken ties". Los Angeles Times. Archived from the original on March 16, 2013 . Retrieved March 26, 2013. Bongioanni, Carlos (July 23, 2015). "How time in Navy, Vietnam shaped a budding billionaire's life". Stars and Stripes.

Bond King’ Heir Bill Gross Blasts Jeffrey Gundlach as ‘Bond King’ Heir

Bond King' Bill Gross leaves Pimco, joins Janus". Daily Republic. September 26, 2014 . Retrieved May 15, 2019. Mangan, Dan (February 18, 2020). "Trump pardons Michael Milken, face of 1980s insider trading scandals". CNBC . Retrieved November 29, 2021. a b "Profile: Michael Milken". Forbes. Archived from the original on February 27, 2020 . Retrieved November 11, 2022. Childs] persevered for years on this project to bring us this important and entertaining story" -- Sujeet Indap , Financial Times, author of Caesars Palace CoupEichenwald, Kurt (February 20, 1991). "Judge Who Gave Milken 10 Years Wants Him Eligible for Parole in 3". The New York Times. Archived from the original on May 8, 2016 . Retrieved February 11, 2017. An instant classic of finance and a joy to read. Mary Childs has a gift for explaining the rise of the modern bond market, one of the most important stories of finance, and interlaces that story with the deeply reported, thrilling, tragic and occasionally comic human story of the downfall of Bill Gross. And it is all written with great style, wit and insight." ― Matt Levine, 'Money Stuff' columnist, Bloomberg Opinion It has been a long time since I devoured a book as just assiduously as this… I was completely gripped and I loved it. — Felix Salmon, Slate Money podcast A perfect book... brilliant, chef's kiss! It's hilarious, tragic, witty, bright, smart, inspiring, devastating, and complete! Filled the Succession-size hole in my heart." —Kaleb Nygaard, Wharton Initiative on Financial Policy and Regulation.

The Bond King - Macmillan

Landro, Laura (May 3, 2010). "Melanoma Survivor Seeks Cure". Wall Street Journal. Archived from the original on April 25, 2018 . Retrieved August 8, 2017. Gross built a team and Childs traces their personalities and quirks in the early chapters of The Bond King. Before there was CNBC and Bloomberg, there was Louis Rukeyser and public television's Wall Street Week. Gross was Rukeyser's go-to guest when he wanted to talk about the bond market, making Gross an industry celebrity. When cable exploded, he seamlessly transitioned to the new medium and can still be seen today, weighing in on the bond and broader market issues of the day. UC Berkeley Inter-Fraternity Council: Sigma Alpha Mu". Archived from the original on November 19, 2007. Personally, while I understand the basics of bonds and how they work, bond trading is a different matter. Quite a bit of what Pimco did, especially the things with derivatives, went right over my head. Childs does her best to make the financial things understandable, but this is ultimately a book about Bill Gross and Pimco and not a Bonds 101 class, so while I understood enough to follow along, I don’t think I finished this book understanding enough about bonds to explain everything that went on. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 € per month.Stephanie Saul (December 12, 2011). "Profits and Questions at Online Charter Schools". The New York Times. Archived from the original on June 19, 2012 . Retrieved July 17, 2012. a b Brewster, Deborah (September 12, 2008). "Man in the News: Bill Gross". Financial Times. Archived from the original on July 11, 2011 . Retrieved September 4, 2010. Ablan, Jennifer (March 6, 2014). "Exclusive: Pimco's Gross declares El-Erian is 'trying to undermine me' ". Reuters . Retrieved June 24, 2018.

The Bond King: How One Man Made a Market, Built an Empi…

Gilder, George (2000). Telecosm: How Infinite Bandwidth Will Revolutionize Our World. Simon & Schuster. p.170. ISBN 9780743215947. The Bond King is the story of Bill Gross, the man who founded Pacific Management Investment Corporation (Pimco) and basically made the concept of trading bonds profitable and successful, hence the title “bond king”. Pimco profited during the 2008 financial crisis, but the atmosphere at the company eventually got too toxic and things went downhill from there.

For cost savings, you can change your plan at any time online in the “Settings & Account” section. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Sullivan, Ronald (July 29, 1992). "Fund Manager Convicted of Taking Milken Bribes". The New York Times. Archived from the original on November 9, 2017 . Retrieved February 11, 2017. Grand Catalogue of the Phi Kappa Psi Fraternity - Twelfth Edition, p. 132: Bernard C. Harris Publishing Company, 1985. Gross was born in Middletown, Ohio, the son of Shirley ( née Tait), a homemaker, and Sewell Mark Gross, a sales executive for AK Steel Holding. [2] [3] Part of his family is originally from Winnipeg, Canada. [4] He was raised a Presbyterian. [5] He moved with his parents to San Francisco in 1954. [3] Gross graduated from Duke University in 1966 as an Angier B. Duke Scholar, and with a degree in psychology. [6] Archived copy" (PDF). Archived (PDF) from the original on April 19, 2012 . Retrieved July 17, 2012. {{ cite web}}: CS1 maint: archived copy as title ( link)