

The Rise And Fall Of A Notorious Financial Investor
5 snips Mar 23, 2023
Mary Childs, author of "The Bond King" and an NPR Planet Money reporter, dives deep into the life of Bill Gross, the legendary "Bond King" and PIMCO founder. She discusses his transformative impact on the bond market and the internal conflicts that led to his dramatic exit. The conversation also touches on the emotional paradoxes faced by top investors, revealing how success can be both a blessing and a curse. Childs shares insights into the toxic financial culture that can shape a career, providing a captivating look at ambition and downfall.
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Vegas Gamble
- Bill Gross, after a car crash, learned card counting to win at blackjack.
- This experience taught him risk assessment, influencing his later financial strategies.
Fame Over Fortune
- Bill Gross's ambition, from the start of his career, was fame, not just wealth.
- He prioritized public recognition, unusual for someone in bond management.
Bond King
- Bill Gross revolutionized the bond market, shifting it from a static investment to active trading.
- He made bonds exciting and competitive, greatly impacting the financial landscape.