Bill Gross has been called out for not following through his trade idea of shorting China.
It is highly likely that the people who called out Bill Gross either do not know how to
invest or trade, or they like to complain at everything.
First, institutional trading is quite complex because it is not easy to move massive
amounts of money at once and the institution has to ensure that proper risk
management is in place.
Second, many institutions have many investment thesis and they have their own
investment decision process.
It is likely that Janus decided not to follow the short China trade either due to risk
concerns or they had other perceived higher profitable trades.
People should really examine their track records before they call out Bill Gross. Yes, he
has messed up recently and got fired from PIMCO. But he is the best bond manager of
all times.
To learn about Bill Gross' amazing performance and career, please listen to Masters of Business podcast.
From Snapshot Serengeti
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