One-time bond king Bill Gross seems to have lost his way. The founder of Pimco, the one-time largest bond fund in the world, is known in part for his legendary ability to obtain efficient market exposure, has a mantle at the Smithsonian that is yet to be finalized. While the official record of historical accomplishment will not likely recognize the nuance of the “Gross” derivatives strategy that was a component of his success, its time the legend think about how he ends his career. Does he want to end on a classic trader mistake – making it emotional, engaging in revenge trading – or does he want to go out as an industry innovator?

