From the host of NPRsPlanet Money, the deeply-investigated story of how one visionary, dogged investor changed American finance forever.
Before Bill Gross was known among investors as the Bond King, he was a gambler. In 1966, a fresh college grad, he went to Vegas armed with his net worth ($200) and a knack for counting cards. $10,000 and countless casino bans later, he was hooked: so he enrolled in business school.
The Bond Kingis the story of how that whiz kid made American finance his casino. Over the course of decades, Bill Gross turned the sleepy bond market into a destabilized game of high risk, high reward; founded Pimco, one of todays most powerful, secretive, and cutthroat investment firms; helped to reshape our financial system in the aftermath of the Great Recessionto his own advantage; and gained legions of admirers, and enemies, along the way. Like every American antihero, his ambition would also be his undoing.
To understand the winners and losers of todays money game, journalist Mary Childs argues, is to understand the bond marketand to understand the bond market is to understand the Bond King.
Mary Childs (she/her)is a co-host and correspondent for NPRs
Planet Moneypodcast. Previously she was a reporter at
Barronsmagazine, the
Financial Times,and Bloomberg News. She graduated from Washington & Lee University in Lexington, Virginia, with a degree in business journalism.
Well written. . . a deeply researched book about one of those money men who made a fortune and lost it all and changed finance but not for the better. Roxane Gay
A perfect book... brilliant, chef's kiss! It's hilarious, tragic, witty, bright, smart, inspiring, devastating, and complete! Filled theSuccession-size hole in my heart. Kaleb Nygaard, Wharton Initiative on Financial Policy and Regulation.
This is an essential and enraging book, and its also a p
![The Bond King: How One Man Made a Market, Built an Empire, and Lost It All [Paperback]](/itemImage/2/2/7/2/2_7082873.jpg "The Bond King: How One Man Made a Market, Built an Empire, and Lost It All [Paperback]")