The Meb Faber Show
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Mary Childs, NPR’s Planet Money – Bond King Bill Gross | #399
Today’s guest is Mary Childs, co-host for NPR’s Planet Money podcast and author of The Bond King, which shares how Pimco and Bill Gross changed finance forever. In today’s episode, we kick it off with Mary’s time with Planet Money, one of the most fun and popular finance and econ podcasts around. We talk about some of her favorite stories, like why a publicly traded deli in New Jersey was worth $100 million, how Citibank accidentally paid out $900 million, and why you’re giving your boss a loan without realizing it.
Key Points
- Mary Childs discusses her new book "The Bond King," which explores the history of PIMCO and Bill Gross's influence on finance, taking seven years to complete amid rumors she was paid to not publish it.
- The episode delves into various intriguing financial stories, such as a publicly traded deli in New Jersey valued at $100 million, Citibank's accidental $900 million payout, and the traditional two-week pay period for employees.
- Mary reflects on the challenges of reporting and the excitement of uncovering the mechanics behind financial market aberrations, emphasizing the importance of understanding systems to advocate for change and improvement.
Chapters
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Transcript
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