Bill Gross on Investing [Paperback]

William H. Gross (Author)

Book Description

Publication Date: April 13, 1998

Learn where the markets are headed--and how to ride them to success.

Global changes point toward a dramatically different next decade in the realm of finance. As the bull markets of the last twenty years fade away, new investment tools and strategies are necessary. In this book, William Gross, one of today's most respected money managers who has built his fame on tracking economic trends, prepares readers for a completely new approach to investing. He emphasizes bonds, the right kinds of stocks, and a globalized investment portfolio for this new era in investment. In an accessible style, Gross intermingles discussions of investment with humor, wit, and personal anecdotes.

William H. Gross (Laguna Beach, California) is the founder, managing director, and CEO of Pacific Investment Management Company, which manages over $90 billion in assets for both institutional investors and individuals.

Editorial Reviews

From the Back Cover

New strategies for a new era in finance. Find them in the critically acclaimed Bill Gross on Investing

"Bill Gross has attained unmatched influence in the bond market, but along the way he seems to have forgotten one thing: such eminence and expertise are supposed to be accompanied by haughty stuffiness. Instead, his wonderfully good-natured approach to life and finance makes him an authentic continuing delight." --Louis Rukeyser, Editor-in-Chief, Louis Rukeyser's Wall Street

"No manager of a competing fund has done better." --The New York Times

"This is a book that defies you to romp through it. Every word counts. Gross serves up copious portions of humanity, wisdom, and humor--and all that as a prelude to invaluable investment wisdom. Whether you take risks to become wealthier or are most eager to preserve what wealth you have, here is the essential guidebook for that perilous journey." --Peter L. Bernstein, author of Against the Gods

"Gross is a bona fide guru." --Newsweek

"I haven't owned bonds many times in my life, but I know that Bill Gross is today's leading expert in the bond market. For anyone interested in learning about the bond markets, this is the book to read." --Peter Lynch, author of One Up on Wall Street

"A bond manager with one of the best long-term records extant." --Barron's

About the Author

WILLIAM H. GROSS is the founder, Managing Director, and CEO of Pacific Investment Management Company, which manages over $90 billion in assets for both institutional investors and individuals (through PIMCO mutual funds). Since 1974, PIMCO has earned a remarkable compounded annual return of over 11 percent, far outstripping almost all bond competitors. Mr. Gross lives in Laguna Beach, California.

Product Details

• Paperback: 196 pages
• Publisher: Wiley; 1 edition (April 13, 1998)
• Language: English
• ISBN-10: 0471283258
• ISBN-13: 978-0471283256
• Product Dimensions: 9.2 x 6.1 x 0.6 inches
• Shipping Weight: 12.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.1 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #625,455 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

24 of 25 people found the following review helpful:

4.0 out of 5 stars The World's Best Bond Fund Manager, April 29, 2001

By 

Ng Chon Hsing (Singapore) - See all my reviews
(REAL NAME)   

This review is from: Bill Gross on Investing (Paperback)

If you don't already know it, Bill Gross is arguably the best bond fund manager in the world. He manages one of the largest funds in the world through the Pacific Investment Management Company.

Although the book is titled "Bill Gross on Investing", it has a fair amount of emphasis on bonds. Bill Gross makes a case for investing in bonds as opposed to equities. He argues that we are now entering a different era which he calls the "Era of 6 Percent". And in this era we are not likely to see the kind of high-octane equities prices we have been accustomed to in the past 20 years. Hence, the case for bond investing.

Along the way, Bill Gross also teaches various concepts of investment which would be useful to the interested investor. In fact, it is his avowed goal of this book to make the reading of investment fun. His background as a former navy pilot and a former successful Las Vegas card-counting gambler also makes for an interesting read.

All in all, I found his views and approach refreshingly different from the many other books emphasising equities as the way to go. This book has made me more aware of bonds and the range, flexibility and versatility it can bring to one's investment portfolio.

For those interested in reading more about bond investing, I would also recommend The Bond Book by Annette Thau and Beating The Dow With Bonds by Michael B. O'Higgins.

10 of 11 people found the following review helpful:

1.0 out of 5 stars this book is just the paperback versoin of "Everything you've heard about investing is wrong!", December 30, 2007

By 

Lombard Street - See all my reviews

Amazon Verified Purchase

This review is from: Bill Gross on Investing (Paperback)

this book is just the paperback versoin of "Everything you've heard about investing is wrong!" by the same author published by Random House. I found out only after purchasing it. Really hate the new publisher John Wiley & Sons Inc! Why did they change the title of the same book just to sell more copies? Couldn't they indicate this explicitly to the potential buyers?

10 of 12 people found the following review helpful:

5.0 out of 5 stars Good advice in a bear market, October 2, 1998

By A Customer

This review is from: Bill Gross on Investing (Paperback)

This guy knows his stuff! I found it very informative, especially when it came to the reasons for and how to profit in a down market. As opposed to his last book, you can actually apply this information to an investment strategy.