'Bond King' Bill Gross shares his best investment ever — and the brutal bet that lost him 50% in a month
Pimco billionaire Bill Gross told BI why he's a big fan of pipeline stocks, and walked through a terrible wager he made in 1969.
Bill Gross, the billionaire co-founder of Pimco, a leading bond management firm, recently shared the best investment he ever made and the worst investment that cost him half of his savings in a single month in a recent interview with Business Insider. The "Bond King" highlighted the substantial returns he gained from investing in pipeline stocks, specifically Western Midstream Partners, whose tax benefits and yields outperformed traditional corporate pipeline stocks.
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