The prediction of financial events in yoga

Source: Internet
Author: User
Xinhua Beijing, June 29, according to the Hong Kong Business Report, 24th, the United States Treasury secretary, "Troubled Asset Relief Program" (TARP) head of Hebb Alleson said the government will soon implement the bank's "toxic Assets" acquisition plan to help banks clean up their balance sheets. According to a previously announced plan, the government will introduce private investors to set up a PPP fund specifically to buy "toxic assets", Pacific Investment Management (Pimco) is likely to be selected by the Ministry of Finance to participate in it.  Pimco, chief investment officer of Pimco, known as the "walking Wall Street financial geek", seems to have become a "rescue American banking Soldier". As the world's most successful bond fund manager, Pimco's chief investment officer, Pimco, has spent decades in the bond market with its extraordinary investment strategy, not only to successfully predict the dotcom bubble and the crisis, but also to influence the White House's financial decisions.  Can Mr Gross, who intends to take part in the government's bailout plan, be able to recreate the heroic feat of saving America's banks by the Hundred years old Morgan by his own foresight? Pimco, the world's most successful bond fund manager, spends his lunch hour meeting with his senior lieutenants to discuss the company's investments. In order to block the sun, he asked to put down all the curtains in the conference room.  He also asked aides to turn off their phones and disconnect all contact with the outside world to focus on what he cared about most. Make money for the clients of Pacific Investment Management (Pimco), which quickly amassed wealth. The 65-Year-old is a famous freak on Wall Street. Some of his investment strategies came from Las Vegas's gambling, and many of his astonishing predictions were made in a yoga handstand.  He knew that he should pay attention to the meter when he met with his client or on television, but his shirt had never been buttoned up and his tie was often not tied properly. As Wall Street banking collapsed, Gross became one of America's most influential financiers.  Whether it was his debut in America's CN-BC television show or his monthly investment column on Pimco's Web site, they all drew attention. U.S. Treasury officials called to inquire about his comments; "Warren Buffett" and former Fed chairman Alan Greenspan openly praised him. "He's a very personal person who never wastes time on various types of analysis or investment forecasts." "That may be the secret of his success," Mr. Greenspan said. There is no doubt that he is gifted.  "It is worth mentioning that Alan Greenspan is now a consultant to Pimco." But Gross always says he is diametrically opposed to the traditional Wall Street elite. Most Wall Street CEOs will never receive media interviews when corporate PR is not present, and their rhetoric is often unfounded, even when there is a PR presence. No one would say that, Gross.  He was straightforward and direct, and for Gross, the interview was like psychotherapy, just a chance to vindicate himself. Gross has been in danger many times.Machine。 Gross was badly hit in a serious car accident in 1966, so he had to spend the rest of his college years in hospital. To pass the long treatment, Gross began reading the "beat the banker-the 21-point winning Tip" written by MIT math Professor Edward Sop, now a good hedge fund manager, and was fascinated by the 21-point gambling theory presented in the book. After graduating from college, Gross went straight to Las Vegas, with only 200 dollars sewn into his trouser legs. Gross spends 16 hours a day studying book theory and creating his own set of methods based on a great deal of practice. 4 months later, Gross has turned 200 dollars into 10,000 dollars.  The money later became his tuition for an MBA at the University of California, when his goal was to become a stock manager. But when he graduated, he received only one job offer--being a bond analyst. "The only job I can find is to be a bond analyst at Pimco, but I'd like to take this opportunity to get into the stock market," says Gross, "I've never had a bond before." What Gross didn't expect was that "bonds" became one of the most important words of his life thereafter. Pimco has set aside 15 million dollars to manage the bond fund. 4 years later, his money has increased to 40 million dollars. In 1975, where other bondholders struggled, Mr Grose's strategy brought him a 17.6% return, the following year reaching 18%. Gross is adept at using television media.  In 1983, Gross became a regular on the "Wall Street Week" of the American public broadcaster; he liked to be noticed and his frequent appearances gave Pimco plenty of publicity. 4 years later, Pimco created a total income fund. 10 years later, the fund managed to climb from $165 million to $24 billion. All this has benefited from Gross's shrewd investment. Of course, television is also a must. "Even if you do well, no one knows." "said Gross. In 1999, Gross, in his monthly investment column, warned that the dotcom bubble was about to collapse. The following year, the crisis took place. Despite the collapse of the market, Gross's fund in 2000 's profit was still up 12%, the same year, Gross and his partners to Pimco for 3.3 billion U.S. dollars to sell to Allianz Insurance company.  Gross made 233 million dollars in the deal, and Allianz agreed to pay him 40 million dollars a year for dividends. In an interview with CNBC on August 20, 2008, Gross said the Americans also hid "money under the rug", hinting that the Government had not yet bailed out financial institutions such as the two houses. In the same year, September 7, former Treasury Secretary Henry Paulson announced that the government would take over two houses. On that day, Gross's total income fund rose 1.7 billion dollars in market value. Paulson's Treasury spokesman, Michele Davis, said that GerryRoss's television interview has nothing to do with the government bailout: "The two houses have a total of $5.4 trillion trillion in global debt, and global investors are worried about it, coinciding with government concerns." But some of Pimco's critics are not entirely convinced. "The US Treasury is watching CNBC all day," said Steven Eisman, a banking expert at FrontPoint. "I'm sure that Gross's remarks put pressure on the government," he said. "Every day, gross would ride a 45-minute stationary bike in the gym opposite the company and do yoga for half an hour." At the end of his yoga practice, he would dance with a peacock for a few minutes. Mr Grose says some of his best ideas come out of a handstand yoga practice, including a housing bubble.

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