The first part of an interview with Bill Gross by Barry Ritholtz is now available on Bloomberg. In 1971, Bill Gross cofound Pacific Investment Management Co. (PIMCO), a global investment firm which focuses mostly on bonds. By 2014, PIMCO’s Total Return Fund became the largest fund under management of Gross. Nicknamed “bond king”, he was later fired from PIMCO and joined Janus Capital Group Inc. (JNS) in September 2014.
Below are five lessons I learned from the interview.
If you have one and a half hour to spare, this interview is worth listening to.
One message stands out:
Don’t be afraid of a recession. They are crucial parts of healthy, ever evolving economy.
From Ritholtz.com: Achuthan is the Co-Founder & Chief Operations Officer of ECRI, managing editor of ECRI’s forecasting publications. He is also a member of Time magazine’s board of economists and the Levy Institute’s Board of Governors. He is the author of Beating the Business Cycle: How to Predict and Profit From Turning Points in the Economy.