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Bill Gross Gets ‘A’ for Effort on Trader Greed: Terrence Keeley

It’s not every day you get to peer into a billionaire bond trader’s soul, but Bill Gross affords everyone that rare opportunity in his latest investment outlook, Devil’s Bargain. In addition to his usual, trenchant market analysis, the monthly newsletter is part confessional, part prescription for all that ails the financial world.

“As a profession, we have failed miserably at our primary function: the efficient and productive allocation of capital,” the founder and co-chief investment officer of Pacific Investment Management Co. writes. “This country desperately requires a rebalancing of priorities.”