Biggest ‘n Baddest, Billionaire Bond Trader: Bill Gross · Mary Childs

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Published on Jul 15, 2022
EP 237 | Biggest ‘n Baddest, Billionaire Bond Trader: Bill Gross w/ Mary Childs

Mary Childs—a financial journalist and co-host of NPR’s Planet Money—is author of The Bond King; a biography about industry titan, billionaire bond trader Bill Gross.

Bill co-founded Pacific Investment Management Co (Pimco) in 1974, where he would become the worlds’ largest bond trader and revolutionise the market. Heading up the firms’ Total Return fund, Bill served as managing director/chief investment officer, until a shock departure in 2014.

While Bill’s widely considered a market legend, beyond the surface, I had little understanding about his rise to fame and fortune; the primary reason I was motivated to invite Mary on the podcast, as she spent countless hours researching and conducting interviews to produce her book.

In this episode, Mary walks through the life ‘n times of Bill and some of the standout trades that helped to put Pimco on the map—including a highly controversial position in Freddie Mac and Fannie Mae during the financial crisis of 2008.

00:00 – Intro
01:48 – The Bond King
07:45 – Bond Markets
14:00 – Origin Story
15:35 – 'Trading' Bonds
18:46 – Structural Alpha
24:28 – Pimco's Reputation
29:06 – GFC Controversy
36:04 – Losing the Crown
43:10 – Becoming a Powerhouse
45:34 – Human Element
48:38 – Outro

Show notes:
https://chatwithtraders.com/237

#Trading #Bonds #BillGross

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