The Bond King: Investment Secrets from PIMCO's Bill Gross - Softcover

Middleton, Timothy

Softcover

ISBN 10: 0471736015 ISBN 13: 9780471736011

Publisher: Wiley, 2006

Synopsis

Praise For Investment Secrets From PIMCO's Bill Gross

"No investor is held in higher regard by his peers than Bill Gross. His understanding of the markets and his insights on how to profit from them are unparalleled. Now, Tim Middleton takes you into Gross's world for an insider's view on how the world of finance really works. If this book were a bond, it would be AAA rated with a double-digit yield."
-DON PHILLIPS, Managing Director, Morningstar, Inc.

"The secret to investment success is discipline. In bonds, nobody has displayed better discipline than Bill Gross. And nobody has done a better job of explaining Gross's methods, and instructing private investors how they can exploit his approach, than Tim Middleton."
-JON MARKMAN, Columnist, CNBC on MSN Money

"Warren Buffett, John Neff, Bill Miller, Peter Lynch-the stock market has always had dominant personalities whose long-term success becomes legend. In the bond market, that dominant personality is Gross."
-FORTUNE

"Bill Gross is the Emeril Lagasse of bond managers."
-FORBES

"If you want to get a stock mutual fund manager steamed, ask why his fund can't beat bond guru Bill Gross."
-USA TODAY

About this title

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 totalreturn, 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.

About the Author

Timothy Middleton is a columnist for CNBC's MSN Money and a contributor to CNBC television. He also does weekend business reports for WCBS Radio in New York. Middleton was formerly a mutual funds columnist for the New York Times, and a contributor to such periodicals as Money magazine, Worth, and Bloomberg Personal. A financial journalist for twenty-five years, he has been an editor of Dow Jones News Service and Crain's New York Business, a writer for the Abreast of the Market column for the Wall Street Journal Europe, and a speechwriter for the Federal Reserve Bank of St. Louis. Middleton was a Davenport Fellow in Reporting on Business and the Economy at the University of Missouri.

About this edition

• Publisher: Wiley
• Publication date: 2006
• ISBN 10: 0471736015
• ISBN 13: 9780471736011
• Binding: Paperback
• Edition number: 1
• Number of pages: 240