We Study Billionaires - The Investor’s Podcast Network TIP451: The Story of Bill Gross aka The Bond King W/ Mary Childs
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May 27, 2022 
Mary Childs, author of "The Bond King" and co-host of NPR's Planet Money, delves into the life of Bill Gross, the pioneer of bond trading and founder of PIMCO. She highlights Ed Thorpe's early influence on Gross and how they navigated the financial crisis while forging a unique bond with the government. The conversation also covers the dramatic events leading to Gross's decline at PIMCO, including a pivotal miscalculation and the personal challenges he faced, painting a vivid picture of the complexities behind 'The Bond King'.
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Bond Market Awareness
- The bond market, despite being larger than the stock market, receives less public attention.
- Childs aims to highlight the bond market's influence and make it more accessible.
Bonds as LA Traffic
- Howard Rakoff compared bond trading to navigating LA traffic.
- He likened 'buy and hold' to staying in one lane, while active trading involves changing lanes for better returns.
First Encounter with Gross
- Childs' first interaction with Bill Gross involved a factual error in her reporting, which Gross pointed out.
- Gross's response, "You have your numbers, I have mine," revealed his strong conviction in his own data.
