Darien Library + Barrett Bookstore welcome author and host of NPR's Planet Money podcast, Mary Childs, in discussion of her new book, The Bond King: How One Man Made a Market, Built an Empire and Lost it All. Nicknamed "The Bond King", Bill Gross co-founded the Pacific Investment Management Company, also known as PIMCO, in 1971. And, as Childs explains, the story behind Gross was always a bit more complicated. With him at its helm, the Newport Beach, California based PIMCO changed the notion of the bond industry as being a sleepy retirement investment to financial powerhouse that created fortunes but also, uncertainty. Childs examines American finance over the last 40 years, and discusses how we have gotten to the point in our economic history where so few have so much, and offers a gripping in-depth look at Gross's secretive, wildly lucrative firm.
About the Author:
Mary Childs is a co-host and correspondent for NPR's Planet Money podcast. Before joining the team in 2019, she was a senior reporter at Barron's, a financial news magazine, where she covered the alternatives industry, the bond market and capitalism. Prior, she worked at the Financial Times and Bloomberg News. She's written about the pioneering of new asset classes like time, billionaire's proposals to solve inequality and diversity and discrimination in the finance industry. She is the recipient of the Thomas J. Watson Fellowship and spent a year traveling the world painting portraits. She graduated from Washington & Lee University in Lexington, Virginia, with a degree in business journalism and wrote an honors thesis comparing the use and significance of media sting operations in the U.S. and India.