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

Average customer rating:

Don't waste your time!
Solid introduction to the bond world that morphs into Pimco prospectus
A Look Into the Life of One of Wall Street's Superstars
Fascinating insight on an investing superstar
Hype & Fluff from MSNBC's Middleton

The Bond King: Investment Secrets from PIMCO's Bill Gross
Timothy Middleton
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Bonds | Investing | Business & Investing | Subjects | Books

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ASIN: 0471736015

Book Description

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

Download 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 PIMCO's Total Return Fund the largest bond fund in the U.S. In The Bond King, business journalist Timothy Middleton presents the real Bill Gross-blackjack 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 Gross's 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 CNBC's Squawk Box. A financial journalist for 25 years, he has been an editor of Dow Jones News Service and Crain's 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.

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Customer Reviews:

Don't waste your time!.......2006-01-01

If you really want to understand bill gross, this overly wordy substanceless book is the last place to go. Go to PIMCO's website and read through all of the past investment outlooks he has put out. This book promises something nuanced and wonderful and never delivers. Aside from some interesting biographical information about the man, there is nothing that will improve your mind in this book that you can't get out of a PIMCO prospectus. If you are a serious student of the market, you will be sorely disappointed.

Solid introduction to the bond world that morphs into Pimco prospectus.......2005-08-03

Bill Gross it the Peter Lynch of the bond world. The PIMCO money manager has consistently outperformed his benchmarks over the last 20 years. Middleton attempts to provide an bird's eye view of Gross's personal life and uses those perspectives to discuss how he makes money in the bond world. In summary, the answer is total returns, return from the yield on the coupon (think mortgage rate, interest) as well as the pricing on the issue.

The author starts down the path of constructing bond portfolios that span the risk and reward spectrum, but does not provide any perspectives. The book converts to a PIMCO prospectus in the middle of the book and could have been chopped at the editor's desk without losing any of main points and saving the paper in the world.

For those who really want to understand Bill's view on the world, he writes a wonderful thought piece every month that summarizes his views in a very practical and easily readable form. Well worthing reading.

In summary, worth reading if you are a bond neophyte and want to understand how people make money in the bond markets.

Your total return seeking reviewer,
Fred "Govvies" Sanford

A Look Into the Life of One of Wall Street's Superstars.......2005-01-14

When you think of bond trading, what adjectives come to mind? Dull? Boring? Stagnant? All of the above? You're not alone. Stocks and, to a lesser degree, mutual funds tend to rule the roost as far as excitement is concerned in the world of investing. Your image of the dull bond market may change after reading this biography of the man who created the Pacific Investment Company, Bill Gross.

Bill Gross has become the most respected man in the bond market, probably the most famous bond trader to date. Not only will you get his philosophy on trading and the market, but you'll learn how he arrived where he is today. From a high school entrepreneur, a mechanical engineer, a writer of code for Lotus, a professional blackjack player, and a stint in the Navy -- it all makes for very fascinating reading.

After reading this, I have a new respect for the man and a new appreciation for the bond market. I'd recommend this to anyone interested in learning more about the financial markets, as well as insight into the mind of a financial genius. You'll never view the bond market the same way after reading this!

Fascinating insight on an investing superstar.......2004-04-27

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.

Hype & Fluff from MSNBC's Middleton.......2004-03-09

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.

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