237: Mary Childs – Biggest ‘n Baddest, Billionaire Bond Trader: Bill Gross

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 11 July 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mary Childs—a financial journalist and co-host of NPR’s Planet Money—is author of The Bond King; a biography about industry titan, billionaire bond trader Bill Gross. Bill co-founded Pacific Investment Management Co (Pimco) in 1974, where he would become the worlds’ largest bond trader and revolutionise the market. Heading up the firms’ Total Return fund, Bill served as managing director/chief investment officer, until a shock departure in 2014. While Bill’s widely considered a market legend, beyond the surface, I had little understanding about his rise to fame and fortune; the primary reason I was motivated to invite Mary on the podcast, as she spent countless hours researching and conducting interviews to produce her book. In this episode, Mary walks through the life ‘n times of Bill and some of the standout trades that helped to put Pimco on the map—including a highly controversial position in Freddie Mac and Fannie Mae during the financial crisis of 2008. Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:02.7	Markets, speculation and risk. This is the Chat with Trader's podcast hosted by Aaron
1:09.0	Feifield. Hey folks, thank you for joining me here on episode 237. Today I'm speaking
1:18.4	with Mary Childs, a financial journalist and co-host of NPR's Planet Money podcast,
1:26.2	and Betty Yet, an author. Mary is the author of The Bond King, a biography about industry
1:33.6	titan billionaire bond trader, Pimco co-founder Bill Gross. Bill was once the biggest bond trader
1:42.1	in the world and widely considered a legend who, in many respects, revolutionized the bond
1:48.7	market. However, me personally, I knew very little about his story. I'm sure that's
1:54.4	probably the case for many others too. Which is the reason why I was keen to get Mary
1:59.4	on the podcast as she spent countless hours researching and conducting interviews to produce
2:05.8	her book. During this episode, we go through the life and times of Bill and Mary highlights
2:12.0	some of the standout trades that put Pimco on the map, including a highly controversial
	...

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