How the Bond King Built His Market Empire – Mary Childs

Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/2054150In 1966, he went to Las Vegas with $200 in his pocket. A short time later, he made thousands of dollars counting cards.Bill Gross was soon looking for a way to use his skills to make money — big money. He turned American finance into his casino and became known as the “Bond King.”Gross went on to found PIMCO, a leader in fixed-income management that has $2 trillion under management. Author Mary Childs covers it all in her book, The Bond King: How One Man Made a Market, Built an Empire, and Lost It All. And she shared with me how he did it and why the U.S. Treasury has Gross on speed dial.Topics Discussed:An Introduction to Mary Childs (00:00:00)Bill Gross: Counting Cards in Vegas (00:05:26)The Bond Market Opportunity No One Else Saw (00:10:41)The Power of Regulating Your Emotions in Investing (00:16:56)Losing it All (00:33:10)Don’t Take Yourself Too Seriously and Be Humble (00:41:44)Guest Bio:Mary Childs is a co-host and correspondent for NPR's Planet Money podcast. Before joining the team in 2019, she was a senior reporter at Barron's magazine, where she covered the alternatives industry, the bond market and capitalism. Before that, she worked at the Financial Times and Bloomberg News. She's written about the pioneering of new asset classes like time, billionaires' proposals to solve inequality and diversity and discrimination in the finance industry. Before all that, she was also a Watson Fellow, spending a year traveling the world painting portraits. She graduated from Washington & Lee University in Lexington, Virginia, with a degree in business journalism and an honors thesis comparing the use and significance of media sting operations in the U.S. and India.Resources Mentioned:The Bond King: How One Man Made a Market, Built an Empire, and Lost It All

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I’m Charles Mizrahi. I currently write Alpha Investor — one of America’s fastest-growing investment publications — and have had nearly 40 years of experience as a floor trader, hedge fund manager and money manager on Wall Street. In fact, I was once named the No. 1 trader in the nation by Barron’s. But the story of my rise through the ranks is about more than just success — it’s about achieving the American Dream. You see, I didn’t grow up wealthy. But I did grow up with the belief that America was the greatest nation on earth — a land of freedom and opportunity. And right now, I’m on a mission to prove that it still is. Although we’re constantly being told by the media that America’s best days are behind her … I know the opposite to be true. That’s exactly why I started Real Talk: The Charles Mizrahi Show. With this podcast, I want to help you — and as many other Americans as possible — rekindle the American Dream and realize that we, the people, have everything we need to get ourselves back on track. Each episode features in-depth conversations with high-profile guests who share their own unique American Dream stories, and their views on the current state of our nation. I’ll also share with you my passion for teaching everyday people how to prosper through America’s greatest wealth creator: the stock market. Because I believe we all have a patriotic duty to give back to this country — which has done so much for us.