- Hardcover: 223 pages
- Publisher: John Wiley & Sons Canada, Ltd.; 1 edition (Feb 20 2004)
- Language: English
- ISBN-10: 0471462543
- ISBN-13: 978-0471462545
- Product Dimensions: 23.1 x 15.2 x 2.5 cm
- Shipping Weight: 431 g
- Average Customer Review: 4.0 out of 5 stars See all reviews (4 customer reviews)
-
Amazon Bestsellers Rank:
#527,571 in Books (See Top 100 in Books)
- #11 in Books > Business & Investing > Investing > Bonds
- See Complete Table of Contents
|
||||||||||||||||||
|
||||||||||||||||||
|
||||||||||||||||||
| |||||||||||||||
Product Details |
Product Description
Book Description
A revealing look at the investment genius of a finance legend Bill Gross is a living legend among financiers and investors, as well as the undisputed bond king. In a chaotic financial environment, where weary investors are desperate to just break even, Bill Gross is reaping profits. His investments have made PIMCOs Total Return Fund the largest bond fund in the U.S. In The Bond King, business journalist Timothy Middleton presents the real Bill Grossblackjack king, fighter pilot, marathon runner, impresario of bonds, and founder of Pacific Investment Management Company (PIMCO), a leading institutional money manager with over $300 billion in assets under management. Filled with interviews and expert insight from Bill Gross, The Bond King shares the lessons that have shaped Grosss successful investment approach, reveals the analysis and decision-making that goes into his investments, and pre-sents his investment outlook for the future. With this book as their guide, readers interested in bonds, as well as professional money managers, will glean the hard-earned knowledge of an investment genius in a matter of hours. Timothy Middleton (New York, NY) is a columnist for CNBC on MSN Money and a regular contributor to CNBCs Squawk Box. A financial journalist for 25 years, he has been an editor of Dow Jones News Service and Crains New York Business, and a writer for The Wall Street Journal European edition. Middleton was a Davenport Fellow in Reporting on Business and the Economy of the University of Missouri. A native of the Midwest, he was also a speechwriter for the Federal Reserve Bank of St. Louis. Marketing Campaign
From the Inside Flap
Fixed-income management is a fascinatingly complex investment approach and one that has become essential to our economy. For those who understand how to actively manage fixed-income portfolios, it is a proven way of growing wealth. And no one better utilizes this strategy than PIMCO founder Bill Gross. Under Bill Gross’s astute leadership, PIMCO’s Total Return Fund has outperformed every other fund in its class, leaving Gross to manage the largest amount of fixed-income money on the planet.
It is no wonder that Gross has achieved near-mythic status among investors, with bond experts hanging on his every word to predict which way the credit markets will go, earning him the title of "Bond King."
The Bond King chronicles Gross’s life and career, from his interest in becoming a Navy pilot, to his affinity for gambling–which bears more than a passing similarity to investing. From there, the book covers his founding of the Pacific Investment ManagementCompany (PIMCO), a leading institutional money manager with over $356 billion in assets under management.
In clear-cut language, The Bond King reveals the proven techniques of Gross’s Total Return Method which has resulted in the largest actively managed fund in the United States. Filled with concept-clarifying examples, The Bond King explains:
- The ways a bond investor can actively manage a portfolio of fixed-income securities
- Why predicting secular (long-term) domestic and global changes is key to Gross’s stunning track record
- How the writings of "three wise men" forged his market knowledge
- Why capital preservation, aside from increasing total return, is the first and ultimate goal of bond investors
- Why foreign bonds offer outstanding opportunities to Total Return investors
- Why Gross regards Treasury Inflation-Protected Securities (TIPS) as the single best idea for bonds in the next five years
Whether you are an individual or institutional investor, The Bond King demonstrates how to successfully build and trade a bond portfolio the Bill Gross way.
Inside This Book
(Learn More)
First Sentence
You would never know from looking at him that William Hunt Gross is one of the richest and most powerful men in the United States. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
You would never know from looking at him that William Hunt Gross is one of the richest and most powerful men in the United States. Read the first page
Explore More
Concordance
Browse Sample PagesConcordance
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Tag this product(What's this?)Think of a tag as a keyword or label you consider is strongly related to this product.
Tags will help all customers organize and find favorite items. |
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most helpful customer reviews
2 of 2 people found the following review helpful
5.0 out of 5 stars
Fascinating insight on an investing superstar,
This review is from: Investment Secrets from PIMCO's Bill Gross (Hardcover)
Even after 17 years as a financial journalist, I knew precious little about Bill Gross, one of this country's richest men and greatest investors. Yes, I knew that Gross was the acknowledged king of the bond market, the Warren Buffet of the fixed-income set. But I had little appreciation for the scope or scale of his accomplishments or the methodology behind them. Thanks to this entertaining book from Timothy Middleton, a former colleague of mine at Dow Jones, I now consider my education more complete. "The Bond King" is fun reading, and, for the value-conscious, three books in one: a lively personality profile that benefits from Middleton's behind-the-scenes access to Gross over the course of nine months of research, a primer on the bond market, and a how-to manual for anyone interested in trying to mimic Gross's success. For good measure, the book also includes portraits of three legendary investors who influenced Gross's career: speculators Jessie Livermore and Bernard Baruch, and financier J. Pierpont Morgan. While reading "The Bond King" may not make you an all-star bond investor--for that, you'd need not just Gross's recipe but also his genius--it will make you a better bond investor. And if you just want to know more about a man who will go down as one of the legendary investors of our era, "The Bond King" is a perfect read for the beach this summer.
1.0 out of 5 stars
Hype & Fluff from MSNBC's Middleton,
By A Customer
This review is from: Investment Secrets from PIMCO's Bill Gross (Hardcover)
Gross is an excellent bond trader (and thats the key word, he actively trades, PIMCO trades) no doubt about it, but Middleton makes a read much like Bonners "Financial Reckoning Day" he just keeps repeating his mantra: Total Return. In total honesty you could summarize this book in the following words: active buying and selling of bonds will give you "total return." What counts as total return is the coupon and the price you make from selling. There are no "secrets" as alleged on the slick paper wrapper and there is very little "Gross." Its all Middleton's fluff and it looks like he would do quite well in a prior era where people were paid by the word.
5.0 out of 5 stars
Great Addition to Any Investor's Library,
By Michael J. McDermott (Carmel, NY United States) - See all my reviews
This review is from: Investment Secrets from PIMCO's Bill Gross (Hardcover)
I've been a Bill Gross fan for a long time, and this book really provides terrific insights into what makes the man tick and what makes his investing style so successful. I've caught glimpses of both those things in a handful of magazine articles over the years, but this book paints the whole picture. I have long believed that bonds should play an important role in any investor's portfolio, but I felt like I was howling into the wind through the late '90s. The stock market collapse was reality's slap in the face for a lot of "equity-heads." Now that investors are coming back to their senses and embracing the virtues of a truly balanced portfolio, this book should be an essential part of their investing library. Middleton does a good job not only of showing us what makes Bill Gross tick, but more importantly showing us what makes his bond investing strategies work so well.
Share your thoughts with other customers: Create your own review
Want to see more reviews on this item?
|
Most recent customer reviews |
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
Would you like to update product info or give feedback on images?
