Time Value of Money
Kinds of Interest Rates
Future Value of an Uneven Cash flow
Security Market Line
Cost of Capital
The Balance Sheet
Hall of Fame
Bill Gross was born in 1944 in Middletown, Ohio. He studied at Duke University and graduated in 1966 with a psychology degree. He spent a summer as a professional blackjack player in Las Vegas and went on to serve in the navy off the Vietnam coast. Once his military service was over, Gross returned to studying and in 1971 he was awarded an MBA from the University of California. He got a job as an investment analyst working for Pacific Mutual Life and stayed in this position from 1971 until 1976. During this time, Gross obtained his Certified Financial Analyst (CFA) award. In 1976 he was promoted to Assistant Vice President in the area of fixed income securities at Pacific Mutual. He stayed in this role for two years before leaving in order to found Pacific Investment Management Company (PIMCO). PIMCO is the biggest fixed-income management company in the world and Gross has held the position of chief investment officer and managing director since the firm was created in 1982.
Gross has talked about the importance of choosing a good investment manager and is quoted as saying, "Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make." He also advocates the principle of investing large portions in a single stock by saying, "Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count … Good [investment] ideas should not be diversified away into meaningless oblivion."
Bill Gross’ publications include:
Bill Gross on Investing
Everything You've Heard About Investing Is Wrong! : How to Profit in the Coming Post-Bull Markets
Publications about Bill Gross include:
The Bond King: Investment Secrets from PIMCO's Bill Gross
About the author
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