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

Product Information

If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 € per month. From bonds to derivatives, Childs takes the time to explain each step succinctly and in plain English.

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

The Financial Times wrote in March 2019: "Active, aggressive bond investing was Gross' big innovation.

His collection will be auctioned over the next two to three years with the proceeds to be donated to charity. Nicknamed the "Bond King", Gross managed one of the world's largest mutual funds, focusing mostly on bonds and fixed income investments. First of all, there is the swashbuckling capitalist of the bond market who takes risks, bets big money on contrarian trades, and wins. Bill Gross of Janus Capital, sometimes known as the "Bond King", has described the market as a "supernova that will explode one day". His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior.

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

It carried no legal status but, by this time, Milken had a reputation for being able to make markets for any bonds that he underwrote. This is a good book about finance, management, the great financial crisis of 2008-09, and bond finance. and "To understand the winners and losers of today's money game, journalist Mary Child argues, is to understand the bond market- and to understand the bond market is to understand the Bond King".

One of the frustrating aspects of Gross's legacy, as is the same with Wall Street figures generally, is what his efforts produced in a real sense. 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. 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. Gross briefly played blackjack professionally in Las Vegas, Nevada, and has said that he applies many of his gambling methods for spreading risk and calculating odds to his investment decisions.