Is the Bond Market Really That Smart?

Discussion in 'Sharemarket News & Market Analysis' started by Nodrog, 6th Jun, 2019.

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  1. Nodrog

    Nodrog Well-Known Member

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  2. Islay

    Islay Well-Known Member

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    Eek! More reading about bonds.
     
  3. Nodrog

    Nodrog Well-Known Member

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    No need really to read about any of this stuff unless it’s an interest:). Wise long term investors generally ignore it all and just keep saving and investing as per their plan.

    I’m a bit like the retiree who sits down to watch TV news and read the paper daily except I read investment news instead. In both situations it rarely changes what one does in life but is simply something that one finds interesting and entertaining:cool:.
     
  4. Burgs

    Burgs Well-Known Member

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    It will be very interesting how all this plays out.
    I have a bit of cash waiting to invest and I just don;t feel comfortable putting to much into the market at the moment.
     
  5. Redwing

    Redwing Well-Known Member

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    Nicknamed “the Bond King” by Fortune Magazine in 2002, Pacific Investment Management Company (PIMCO) founder Bill Gross made both a name and a very profitable empire managing bond funds. At the height of his career, Gross earned over $300 million in net returns and had accumulated almost $500 billion in assets. Then it all came tumbling down



    Before Bill Gross was known among investors as the Bond King, he was a gambler. In 1966, a fresh college grad, he went to Vegas armed with his net worth ($200) and a knack for counting cards. $10,000 and countless casino bans later, he was hooked: so he enrolled in business school.

    The Bond King is the story of how that whiz kid made American finance his casino. Over the course of decades, Bill Gross turned the sleepy bond market into a destabilized game of high risk, high reward; founded Pimco, one of today’s most powerful, secretive, and cutthroat investment firms; helped to reshape our financial system in the aftermath of the Great Recession—to his own advantage; and gained legions of admirers, and enemies, along the way. Like every American antihero, his ambition would also be his undoing.

    To understand the winners and losers of today’s money game, journalist Mary Childs argues, is to understand the bond market—and to understand the bond market is to understand the Bond King.
     

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