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

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Childs explains that Kashkari was similarly over his head at PIMCO: If Kashkari's time at Treasury had seemed to some a step beyond his abilities or experience, this new role was another step farther. He had never worked at an asset manager. He would lead building a new equities business without ever having managed an equities business or been an investor at all. Critics of the government charge that the government indicted Milken's brother Lowell to pressure Milken to settle, a tactic some legal scholars condemn as unethical. "I am troubled by – and other scholars are troubled by – the notion of putting relatives on the bargaining table," said Vivian Berger, a professor at Columbia University Law School, in a 1990 interview with The New York Times. [44] As part of the deal, the case against Lowell was dropped. Federal investigators also questioned some of Milken's relatives about their investments. [6] OMG! 1) Mary explains finance, financial engineering, and macroeconomics very well. 2) Obviously lots about Gross and Pimco I wasn’t aware of. Though I sat a few feet, generally less than 30, from Gross on trade floor, I got schooled!" -- John Brynjolfsson , ex PIMCO One critical exhibit" in court, Mary writes, was "a video of Gross crouching in his shorts behind the wall abutting the two properties; 50 Cent's 'In Da Club' is audible. Gross is dancing, pointing his fingers, swaying, as his neighbor films him. After a while, Gross crouches, apparently hiding. The 50 Cent song peters out. The music changes to the Gilligan's Island theme. Gross looks up, beyond the wall, to his neighbor's camera."

The Bond King - Macmillan

The Financial Times wrote in March 2019: "Active, aggressive bond investing was Gross' big innovation. Historically, insurers and pension funds were the big buyers of bonds. They rarely traded — in fact bonds were typically kept in a vault, and selling meant physically mailing them to the buyer — and enjoyed cordial, clubby relationships with Wall Street. Pimco, on the other hand, actively traded in and out of positions, expanded assertively into hot new areas like junk bonds and emerging markets, and used its increasing clout to cudgel banks into giving them better bids." [18] From the host of NPR’s Planet Money, the deeply-investigated story of how one visionary, dogged investor changed American finance forever. Sending confirmation slips through the mail that failed to disclose that a commission was included in the price Hurtado, Patricia (December 23, 2020). "Gross Loses Harassment Case Over 'Gilligan's Island' Music". Bloomberg . Retrieved December 23, 2020.Childs's] book The Bond King isn’t just the story of Bill Gross. It’s about the expansion of finance to its current form, where experts rule and the little guy can’t win." —Emily Flitter, New York Times Junk" — a new play about the first Ig Nobel Economics Prize winner (Michael Milken)". Improbable.com. November 24, 2017. Archived from the original on January 21, 2018 . Retrieved January 21, 2018.

the Bond World for Years. Then He Was Bill Gross Ruled the Bond World for Years. Then He Was

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 If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 € per month.

Leonard, Devin (June 20, 2009). "Bill Gross of Pimco Is on Treasury's Speed Dial". The New York Times. ISSN 0362-4331 . Retrieved June 5, 2019. Kozlowski, Rob (November 26, 2012). "Cedars-Sinai to name center after Bill and Sue Gross". Pensions and Investments. 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. 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] Stone, Marrie. " "Bond King" Bill Gross reflects on life, love & retirement". stunewslaguna.com . Retrieved June 18, 2020.

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

LAURA LANDRO (May 3, 2010). "Donor of the Day: Gift Funds Melanoma Research". The Wall Street Journal. Archived from the original on April 25, 2018 . Retrieved February 15, 2013. That said, Bill Gross is a unlikable but fascinating character. His values and character seem contradictory at times. But he is devilishly clever and it is clear that he knows the market he pioneered extremely well!Top 10: See the most expensive Orange County home sales of 2018". Orange County Register. January 29, 2019 . Retrieved June 18, 2020. Eichenwald, Kurt (November 28, 1990). "Witness Against Milken Settles S.E.C. Charges". The New York Times.