How to Profit in Coming Post-Bull Markets
June 1, 1997
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.