Everything You've Heard About Investing Is Wrong!, by respected money manager (and one-time professional blackjack player) William H. Gross, bucks traditional wisdom by predicting that stocks and bonds will average returns of just 6 percent over the next decade. In terms understandable to novice and experienced investors alike, it then suggests ways to maximize profits during this post-bull period. Liberally sprinkled with personal anecdotes, this is a surprisingly entertaining and thought-provoking book.
From Library Journal
Among those who believe that the persistent slide of the Dow Jones is marking the end of a 20-year bull market bonanza and the beginning of a new era of lower returns on equities is bond-market authority Gross, cofounder and chief investment officer of Pacific Investment Management Company. Using vignettes from his personal life to impart his investment philosophy, Gross makes his case that bonds will be the choice investment in the future. He argues successfully that bonds will have a distinct advantage in the coming era of low inflation and offers a good chapter on the benefits of inflation-indexed Treasury bonds that will be of interest for those looking for inflationary hedges. While he unearths nothing new, Gross's work offers a unique perspective and a compelling argument for investing in bonds in the postbull market. Recommended for public libraries.?Dennis Krieb, St. Charles Cty. Community Coll., St. Peters, Mo.
Copyright 1997 Reed Business Information, Inc.