Fixed-income management is a fascinatingly complex investment approach and one that has become essential to our economy. For those who understand how to actively manage fixed-income portfolios, it is a proven way of growing wealth. And no one better utilizes this strategy than PIMCO founder Bill Gross. Under Bill Gross's astute leadership, PIMCO's Total Return Fund has outperformed every other fund in its class, leaving Gross to manage the largest amount of fixed-income money on the planet. It is no wonder that Gross has achieved near-mythic status among investors, with bond experts hanging on his every word to predict which way the credit markets will go, earning him the title of "Bond King." The Bond King chronicles Gross's life and career, from his interest in becoming a Navy pilot, to his affinity for gambling-which bears more than a passing similarity to investing. From there, the book covers his founding of the Pacific Investment ManagementCompany (PIMCO), a leading institutional money manager with over $356 billion in assets under management. In clear-cut language, The Bond King reveals the proven techniques of Gross's Total Return Method which has resulted in the largest actively managed fund in the United States. Filled with concept-clarifying examples, The Bond King explains: The ways a bond investor can actively manage a portfolio of fixed-income securities Why predicting secular (long-term) domestic and global changes is key to Gross's stunning track record How the writings of "three wise men" forged his market knowledge Why capital preservation, aside from increasing total return, is the first and ultimate goal of bond investors Why foreign bonds offer outstanding opportunities to Total Return investors Why Gross regards Treasury Inflation-Protected Securities (TIPS) as the single best idea for bonds in the next five years Whether you are an individual or institutional investor, The Bond King demonstrates how to successfully build and trade a bond portfolio the Bill Gross way.