No. of Recommendations: 2

With regard to reading what other bond investors have written (to learn how to do bond investing for yourself), you need to distinguish between essential reading and optional reading.

IMHO, what Gross writes is the latter, just as what Buffet writes is the latter. Both are witty, informed, even informative, but what they have to say doesn't scale. Both are running gigs --taking huge positions to exploit small inefficiencies-- that small investors can't emulate.

If you want essential reading, try Marty Whitman, John Maudlin, and a good Austrian School economist, in that order. Regard everything else, me especially, as entertainment.

A note to all, before anyone goes ballistic, because I seem to be capping on one of their favorites.

What I say shouldn't matter to you. You know your own path. Me having a different point of view shouldn't be upsetting. There's no one right way to do any of this stuff. Even if you know I'm pursuing a fool's path, just let me be.

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