Good Article On Bill Gross

[Parsad]

NY Times has a very good article on defacto Fed Governor Bill Gross.  Cheers!

 

http://www.nytimes.com/2009/06/21/business/21gross.html?_r=1&hp=&adxnnl=1&adxnnlx=1245538946-7fOZhUVrXoA7N773UCTwgw

[link01]

pimco has some of the best macro-economic commentary on its wesite going, esp by gross & el-erian. some day i'm going to break down & purchase a couple of their books. any recommendations?

 

i love the way this article ends:

 

<<AT a lunchtime meeting this past spring at Pimco, executives tell Mr. Gross that they’re worried about the fallout the firm will face if it receives a financial windfall as part of P.P.I.P.

 

“The risk is that you have a Congress with a populist bug,” Mr. McCulley says.

 

Dan Ivascyn, another of the firm’s managing directors, agrees. “I think there is a risk that we’re going to get criticized,” he says. “I think Pimco could get roughed up.”

 

“I think there is a much bigger chance of us getting roughed up personally,” says Scott Simon, head of Pimco’s mortgage-backed securities team.

 

Finally, Mr. Gross weighs in.

 

“So what are you saying?” he asks. “If we fail, we’ll get the shaft, and if we succeed, we’ll get the shaft?” >>

 

yup, its a sign of the times.

 

 

[Mandeep]

Great find, man!

 

here's another:

http://seekingalpha.com/article/69579-edward-thorp-and-bill-gross-how-to-play-your-cards-in-today-s-market