"Bond Genius/King/Guru" ?? or confusing a bull market

[Spartacus]

with genius ?

Just curious - did Gross DO anything to earn the genius designation? Bonds have been on a one way trip up from the early 80s until just recently.

[Guest]

Re: "Bond Genius/King/Guru" ?? or confusing a bull market

Spartacus -

I thought you had died and gone to BOT heaven. Where you been, Club-Med?

[Spartacus]

Re: "Bond Genius/King/Guru" ?? or confusing a bull market

Swore off computers for a time.

Did a bit of exercise (I had not used the word for so long, had to look it up in the dictionary, )

Spartacus -

I thought you had died and gone to BOT heaven. Where you been, Club-Med?

[Guest]

Re: "Bond Genius/King/Guru" ?? or confusing a bull market

Great advice Spartacus.

I think I'll take it myself.

[jk]

Re: "Bond Genius/King/Guru" ?? or confusing a bull market

gross revolutionized bond investment by trading them, using futures, playing ratings changes, harvesting roll-yield, etc, instead of just clipping coupons, and for many years earned high performance returns for the category. he is also called the bond king because his shop, pimco, runs about $670 billion [last time i looked, it may be more], mostly in fixed income. [irrelevent but interesting story- gross served in the navy during vietnam, came back with $10,000, went to vegas and made enough card-counting at blackjack to pay his way through stanford business school.]

[Spartacus]

Re: "Bond Genius/King/Guru" ?? or confusing a bull market

Thanks for setting me straight.

I knew about the good performance over a long period of time and the huge amount under management, but I thought all of that could be easily explained by the underlying bull market.

gross revolutionized bond investment by trading them, using futures, playing ratings changes, harvesting roll-yield, etc, instead of just clipping coupons, and for many years earned high performance returns for the category. he is also called the bond king because his shop, pimco, runs about $670 billion [last time i looked, it may be more], mostly in fixed income. [irrelevent but interesting story- gross served in the navy during vietnam, came back with $10,000, went to vegas and made enough card-counting at blackjack to pay his way through stanford business school.]