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

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Frank, Robert (April 25, 2007). "The Billionaire Stamp Collector - The Wealth Report - WSJ". Blogs.wsj.com . Retrieved November 1, 2013. It all started during the early 1970s at Pacific Life Insurance, where Gross landed his first job after graduating from business school. His initial focus was on actuarial science, assuring that Pacific's bond portfolio was of the proper size and duration to pay off life insurance claims when they came due. Trump grants clemency to former NYPD commissioner Bernie Kerik, financier Michael Milken". The Washington Post. Associated Press. February 18, 2020. Archived from the original on February 20, 2020 . Retrieved February 18, 2020. Childs’ authoritative, engaging book about pioneering bond trader Gross, from the investment management firm PIMCO, portrays him as brilliant and a visionary, who devised a new way to invest by making a market for trading bonds. Yet he also comes across as an egotistical, mercurial boss who was so verbally abusive to his staff that some avoided walking by his office to keep from running into him." — Investopedia, The 7 Best Investing Books Tactics in Wall Street Cases Troubling Some Lawyers". The New York Times. May 6, 1990. Archived from the original on February 4, 2017 . Retrieved February 11, 2017.

The Bond Market - NPR The Strange Billionaire Who Revolutionized The Bond Market - NPR

But that did not matter because, for some reason, "Gross had been impressed by [Kashkari]" and the hire reinforced a desired "cozy relationship with the government." Kashkari did not fit the PIMCO mold and lasted all of three years before departing to "explore returning to public service." A failed run for governor of California and ultimately a position as president of the Federal Reserve Bank of Minneapolis ensued. Sending confirmation slips through the mail that failed to disclose that a commission was included in the price Drexel merged with Burnham and Company in 1973 to form Drexel Burnham. Despite the firm's name, Burnham was the nominal survivor; the Drexel name came first only at the insistence of the more powerful investment banks, whose blessing was necessary for the merged firm to inherit Drexel's position as a "major" firm.

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

The Bond King | Cato Institute The Bond King | Cato Institute

CNN Library (March 7, 2014). "Bill Gross Fast Facts". CNN. {{ cite news}}: |author= has generic name ( help) This is a good book about finance, management, the great financial crisis of 2008-09, and bond finance. Goodkind, Nicole (February 27, 2014). "Could this be the key to success on Wall Street? Hedge fund billionaire Ray Dalio thinks so" . Retrieved May 15, 2014. The technique ... is popular with folks like Bridgewater's Ray Dalio (who offers TM to his 400 employees), Bill Gross, Dan Loeb, Nigol Koulajian (Quest Partners) and Kevin Kimberlin (Spencer Trask & Co).Lessons Learned, Investor Builds Portfolio of Stamps". Washingtonpost.com. May 26, 2006 . Retrieved November 1, 2013. You 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.

Bill H. Gross - Wikipedia Bill H. Gross - Wikipedia

Entertaining. . . . [Childs] is a keen observer. . . . She ably describes the mechanics of the mortgage futures market. . . . A galloping narrative." — Wall Street Journal Mangan, Dan (February 18, 2020). "Trump pardons Michael Milken, face of 1980s insider trading scandals". CNBC . Retrieved November 29, 2021. Karen Dolan, C. F. A. (January 12, 2010). "Announcing the Morningstar Fund Managers of the Decade". Morningstar.com . Retrieved June 5, 2019.All of this text wall to say that I rather read more about the emotional toll taken by Bill Gross on the way down than the material strategy he employed on the way up. At least in the context of this book. THE MILKEN SENTENCE; Milken: Pathfinder for the 'Junk Bond' Era". The New York Times. November 22, 1990. Archived from the original on February 4, 2017 . Retrieved February 11, 2017.