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![The Bond King: How One Man Made a Market, Built an Empire, and Lost It All by [Mary Childs]](https://m.media-amazon.com/images/I/415wxNQEhcL._SY346_.jpg)
The Bond King: How One Man Made a Market, Built an Empire, and Lost It All Kindle Edition
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From the host of NPR’s Planet Money, the deeply-investigated story of how one visionary, dogged investor changed American finance forever.
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.
- LanguageEnglish
- PublisherFlatiron Books
- Publication dateMarch 15 2022
- File size1525 KB
- “The market can stay irrational longer than you can remain solvent.” Turning out to be right doesn’t do much good if you run out of money first.Highlighted by 253 Kindle readers
- “Even in the face of hard facts, people resort to self-deception in order to protect treasured illusions.”Highlighted by 176 Kindle readers
- But it’s not enough to know. Knowing is hardly the battle. The tricky part was that they all still had to make money in the meantime.Highlighted by 162 Kindle readers
Product description
About the Author
Review
"A vivid and authoritative portrait of one of the most influential figures in American finance." ―Sheelah Kolhatkar, staff writer at The New Yorker and bestselling author of Black Edge
"An instant classic of finance and a joy to read. Mary Childs has a gift for explaining the rise of the modern bond market, one of the most important stories of finance, and interlaces that story with the deeply reported, thrilling, tragic and occasionally comic human story of the downfall of Bill Gross. And it is all written with great style, wit and insight. Anyone looking to understand the nuances of bonds or the difficulties of managing complicated people should read this book." ―Matt Levine, 'Money Stuff' columnist, Bloomberg Opinion
"A most necessary book. Mary Childs is one of a handful of finance writers who understand how the industry has reshaped America and helped create the strange, often failing society we inhabit. And one cannot understand modern finance without understanding the character of the mad bond king Bill Gross. Well-researched and written with verve, this is nothing short of a page-turner." ―Gary Shteyngart, author of Our Country Friends and Lake Success
Product details
- ASIN : B08QGKKYX1
- Publisher : Flatiron Books (March 15 2022)
- Language : English
- File size : 1525 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 322 pages
- Best Sellers Rank: #85,184 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
About the author

Mary Childs is a co-host for Planet Money, NPR's economics podcast. She has written for Barron's magazine, the Financial Times, and Bloomberg News, covering topics from the bond market and credit-default swaps to capitalism and equality. She was also a Watson Fellow, spending a year traveling the world painting portraits. She lives in Richmond, Virginia.
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