{"id":2343,"date":"2022-07-12T11:12:22","date_gmt":"2022-07-12T18:12:22","guid":{"rendered":"http:\/\/www.armenshirvanian.com\/podcast\/?p=2343"},"modified":"2022-07-12T11:12:27","modified_gmt":"2022-07-12T18:12:27","slug":"356-mary-childs-a-story-of-bond-market-maneuvering-in-the-bond-king","status":"publish","type":"post","link":"https:\/\/www.armenshirvanian.com\/podcast\/356-mary-childs-a-story-of-bond-market-maneuvering-in-the-bond-king\/","title":{"rendered":"356: Mary Childs | A Story Of Bond Market Maneuvering In &#8220;The Bond King&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/200061101.jpg\" alt=\"\" class=\"wp-image-2355\" width=\"307\" height=\"461\" srcset=\"https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/200061101.jpg 432w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/200061101-200x300.jpg 200w\" sizes=\"auto, (max-width: 307px) 100vw, 307px\" \/><\/figure>\n\n\n\n<p>You may have thought of the bond market as a relatively calm and uncompetitive location where the idea of getting big profits is not as common, but Bill Gross did not see it that way. In <em>The Bond King: How One Man Made a Market, Built an Empire, and Lost It All<\/em>, author Mary Childs takes us through his story of growth and scenarios along the way. She takes us through the story, and we also cover her <em>Planet Money<\/em> podcast, here on episode 356 of the show.<\/p>\n\n\n\n<p>&#8220;From the host of NPR\u2019s\u00a0<em>Planet Money<\/em>, 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.<br><br><em>The Bond King<\/em>\u00a0is 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\u2019s most powerful, secretive, and cutthroat investment firms; helped to reshape our financial system in the aftermath of the Great Recession\u2014to his own advantage; and gained legions of admirers, and enemies, along the way. Like every American antihero, his ambition would also be his undoing.<br><br>To understand the winners and losers of today\u2019s money game, journalist Mary Childs argues, is to understand the bond market\u2014and to understand the bond market is to understand the Bond King.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"356: Mary Childs | A Story Of Bond Market Maneuvering In &quot;The Bond King&quot;\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/zeI3GMqXIa4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Mary Childs is an American financial journalist, and non-fiction writer. She is co-host for Planet Money. She graduated from Washington and Lee University. She reported for Barron\u2019s, the Financial Times, and Bloomberg News.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-697x1024.jpg\" alt=\"\" class=\"wp-image-2353\" width=\"239\" height=\"351\" srcset=\"https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-697x1024.jpg 697w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-204x300.jpg 204w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-768x1128.jpg 768w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-1046x1536.jpg 1046w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1-1394x2048.jpg 1394w, https:\/\/www.armenshirvanian.com\/podcast\/wp-content\/uploads\/2022\/07\/The-Bond-King-1.jpg 1743w\" sizes=\"auto, (max-width: 239px) 100vw, 239px\" \/><\/figure>\n<div class=\"powerpress_player\" id=\"powerpress_player_7372\"><audio class=\"wp-audio-shortcode\" id=\"audio-2343-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"http:\/\/media.blubrry.com\/thearmenshow\/www.armenshirvanian.com\/podcast\/episodes\/tas356marychilds.mp3?_=1\" \/><a href=\"http:\/\/media.blubrry.com\/thearmenshow\/www.armenshirvanian.com\/podcast\/episodes\/tas356marychilds.mp3\">http:\/\/media.blubrry.com\/thearmenshow\/www.armenshirvanian.com\/podcast\/episodes\/tas356marychilds.mp3<\/a><\/audio><\/div><p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"http:\/\/media.blubrry.com\/thearmenshow\/www.armenshirvanian.com\/podcast\/episodes\/tas356marychilds.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('https:\/\/www.armenshirvanian.com\/podcast\/?powerpress_pinw=2343-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a href=\"http:\/\/media.blubrry.com\/thearmenshow\/www.armenshirvanian.com\/podcast\/episodes\/tas356marychilds.mp3\" class=\"powerpress_link_d\" title=\"Download\" rel=\"nofollow\" download=\"tas356marychilds.mp3\">Download<\/a><\/p><p class=\"powerpress_links powerpress_subscribe_links\">Subscribe: <a href=\"https:\/\/www.armenshirvanian.com\/podcast\/feed\/podcast\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_rss\" target=\"_blank\" title=\"Subscribe via RSS\" rel=\"nofollow\">RSS<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>You may have thought of the bond market as a relatively calm and uncompetitive location where the idea of getting big profits is not as common, but Bill Gross did not see it that way. In The Bond King: How One Man Made a Market, Built an Empire, and Lost It All, author Mary Childs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-2343","post","type-post","status-publish","format-standard","hentry","category-interviews"],"_links":{"self":[{"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/posts\/2343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/comments?post=2343"}],"version-history":[{"count":5,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/posts\/2343\/revisions"}],"predecessor-version":[{"id":2361,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/posts\/2343\/revisions\/2361"}],"wp:attachment":[{"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/media?parent=2343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/categories?post=2343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.armenshirvanian.com\/podcast\/wp-json\/wp\/v2\/tags?post=2343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}