Personal life [ edit ] The block of four of the 1869 24c United States stamps with inverted centre from the Gross collection (shown inverted). The book navigates into some of the “colorful” corners of Gross’ recent years (including his acrimonious divorce and Hatfield’s vs. After all, the real story isn’t about how bonds work, but how Bill Gross made Pimco successful and how he lost control of it all. In February 2013, the SEC announced that they were investigating whether Milken violated his lifetime ban from the securities industry. However, it also included several managers of money market funds who had worked with Milken in the past.

The Bond King - Google Books The Bond King - Google Books

SMITHSONIAN'S NATIONAL POSTAL MUSEUM RECEIVES ITS LARGEST DONATION FROM PIMCO'S FOUNDER BILL GROSS". It took me a long time to get through the book as well I found it rather boring and maybe should have bailed after the first few chapters. citation needed] Milken himself points out that high-yield bonds go back hundreds of years, having been issued by the Massachusetts Bay Colony in the 17th century and by America's first Treasury Secretary Alexander Hamilton. a b c " Three Felonies A Day: How the Feds Target the Innocent (Chapter Four: "Following (or Harassing? As someone who previously worked in the asset management industry, I very much enjoyed getting a deep dive into Bill Gross' methods and fall.For Gross, the evidence of weakness in the mortgage market began to emerge in 2005 with talk that the market was "frothy" and that a "housing bubble" was building. That in turn makes it more expensive for the government concerned to borrow money when they next have to. Goldman Sachs has areputation for providing asteady stream of treasury secretaries through the revolving door between New York and Washington, earning it the nickname “Government Sachs. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior.

The Bond King: How One Man Made a Market, Built an Empi…

It cuts through all the mind-numbing jargon of the finance world to provide an accessible and illuminating look at the rise of the multitrillion-dollar bond market.

Lucky for me, The Bond King provided some vivid details about Bill and his partner's feud with their Laguna Beach neighbors, over their million-dollar lawn sculpture.