Understand the Bond King (guest: Mary Childs)
The Market Huddle
00:00
The Odd Lot Story
Pimco's willingness to dance on the edge, its dedication to it, would show up again and again over the years. Its investing eternal paranoiabout falling behind, wed to a love of risk taking inside its walls. The mood was the same a pressure cup cooker kept right below the boiling point,. A delicate tension, with careful, canny management, could continue to bear that performance.
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