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

Published: July 11, 2022, 11:10 a.m.

b'Mary Childs\\u2014a financial journalist and co-host of NPR\\u2019s Planet Money\\u2014is author of\\xa0The Bond King; a biography about industry titan, billionaire bond trader Bill Gross.\\nBill co-founded Pacific Investment Management Co (Pimco) in 1974, where he would become the worlds\\u2019 largest bond trader and revolutionise the market. Heading up the firms\\u2019 Total Return fund, Bill served as managing director/chief investment officer, until a shock departure in 2014.\\nWhile Bill\\u2019s 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.\\nIn this episode, Mary walks through the life \\u2018n times of Bill and some of the standout trades that helped to put Pimco on the map\\u2014including a highly controversial position in Freddie Mac and Fannie Mae during the financial crisis of 2008.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'