Bill Gross Reveals Three Unusual Keys To Success

Bill Gross today revealed three keys to their investing strategy as he brought up his age and mentioned turning the keys over, comparing PIMCO to a Mercedes Benz rather than a Model-T or a Cadillac “and never a compact car.”

Morningstar conference: Bill Gross revealed three pillars of his success

Keynoting the Morningstar investing conference in Chicago this afternoon, Bill Gross revealed three pillars of his success: a bonds plus program, rolling down the yield curve to garner the best real return, and selling volatility. The deep discussion of the formulaic aspects of his strategy was unusual, as he exposed rather innovative strategies.

When PIMCO sells volatility, for instance, they don’t...