The Bond King: How One Man Made a Market, Built an Empire, and Lost It All

by Mary Childs

Largely because normal people don’t like to talk about “bonds.”

People think stocks are more fun, but, in my opinion, they are wrong. Stocks are dumb.

Bond investors are notorious downers.

“The market can stay irrational longer than you can remain solvent.”

But luck was not edge. It didn’t scale, and he couldn’t trust it.

“When you lose half your 401(k), you care more about the return of your money than return on your money,”