A Bill Gross Excerpt About Beta, Benchmarks and Money Managers | Exploring Markets

A Bill Gross Excerpt About Beta, Benchmarks and Money Managers



When Bill Gross founded PIMCO, he had about $17 million in assets under management. By 2013 and 2014, he had nearly $2 trillion. Gross is, perhaps, the greatest bond investor and money manager to have ever lived. The above excerpt comes from one of his many books and it highlights a simple yet often forgotten skill that all of the greatest minds in finance have: they avoid major market crashes and panics.