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The Unconventional Bond Investor
This chapter explores the unique personality and investment strategies of a notable bond investor, known for his humor and impactful insights on the bond market. It analyzes a pivotal trade involving Jenny Mae futures that showcased the firm's ability to capitalize on overlooked opportunities, as well as the investor's journey from PIMCO to Janus amid evolving market dynamics. The discussion emphasizes key investment philosophies and the strategic importance of size in bond trading.