An Example of Active Money Management Failure
I ran across this article at CNBC website. It is about Bill Gross who is the money manager for PIMCO Total Return Fund. Probably one of the top bond experts in the industry! He admits he made a very costly mistake when he predicted and speculated that the US Govt. bonds were going to go down this year. He missed. This is an example how active money management doesn't work. Click on the link below.
