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The Bond King

How One Man Made a Market, Built an Empire, and Lost It All
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Bond King tells the compelling story of Bill Gross, a visionary yet controversial investor who transformed American finance. Starting as a college graduate with just $200 and a penchant for card counting in Vegas, Gross ultimately reshaped the bond market. Over decades, he founded Pimco, one of the most powerful and secretive investment firms, impacting the financial system significantly, especially after the Great Recession. His rise and fall illustrate the high stakes world of bonds and the ambition driving Wall Street.
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Format: Hardback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This biography is ideal for readers interested in finance, investment, and American economic history, as well as those who appreciate well-researched true stories about influential yet flawed figures. Fans of narrative nonfiction and anyone curious about the bond market’s impact on modern finance will find this book valuable.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

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 Recessionβ€”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 marketβ€”and to understand the bond market is to understand the Bond King.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised for its deep research and engaging narrative, The Bond King is described as "well written" and "a page-turner" by Roxane Gay and Jessie Gaynor. Reviewers highlight its blend of wit, tragedy, and insight, with The New York Times noting it explores finance's modern expansion where ordinary investors struggle. Kaleb Nygaard calls it "brilliant" and "complete," while Roben Farzad appreciates its accessibility to non-experts. The book is noted for cutting through financial jargon with humour and clarity.

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Book Details

INFORMATION

ISBN: 9781250120847

Publisher: Flatiron Books

Format: Hardback

Date Published: 15 March 2022

Country: United States

Imprint: Flatiron Books

Audience: General / adult

DIMENSIONS

Spine width: 32.0mm

Width: 167.0mm

Height: 245.0mm

Weight: 525g

Pages: 336

About the Author

Mary Childs (she/her) is a co-host and correspondent for NPR's Planet Money podcast. Previously she was a reporter at Barron's magazine, the Financial Times, and Bloomberg News. She graduated from Washington & Lee University in Lexington, Virginia, with a degree in business journalism.

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