Mary Childs - The Bond King

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 25 July 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

To understand the bond market, you have to understand the Bond King. In this episode, Mary Childs joins Cole and Bill to discuss her book, The Bond King: How One Man Made a Market, Built an Empire, and Lost It All. Mary’s book explores the rise of Bill Gross, how he shaped the inner workings of the investment business and bond industry, and the culture at one of the world’s largest money management firms. The book also serves as a vessel to understanding the bond bull market that began in the early 1980s.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.1	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:26.7	Welcome to a book with legs podcast. I'm Cole Smead. I'm the president and a portfolio manager here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said
0:32.2	that leaders are readers, and we believe books provide us a great source of information for filtering
0:36.8	what is and isn't
0:38.1	important for us as investors. Investing is the last great liberal art and the best way to spend a
0:43.1	lifetime of learning. This podcast is for readers, thinkers, business-minded people, and investors
0:48.6	who want to grow their knowledge from great authors and their writing. Charlie Munger often talks
0:53.2	about using multiple mental models
0:54.8	and analysis. Our aim for this podcast is to help listeners test Munger's theory in business,
1:00.4	markets, and people. Joining me today to host the episode is our chief investment officer
1:05.8	of who I consider myself a progeny of, Bill Smead. Thanks for doing this with me, Dad.
1:11.7	You're welcome.
1:13.4	I'm glad everyone has joined us for this podcast episode.
1:16.0	We're going to learn about the genesis of one of the most successful money management
1:19.1	firms the world has ever seen.
1:20.9	We will also think about questions tied to people, markets, team building, and succession
1:24.9	planning and business.
1:26.5	Joining us today is Mary Childs to talk about her recently published book,
1:29.8	The Bond King, How One Man Made a Market, Built an Empire, and Lost It All.
1:34.8	Mary Childs is a co-host and a correspondent for NPR's Planet Money podcast.
	...

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