New PDF release: Amazing Forex System

By Borowcki R

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Cruz had, to separate those who belong from those who do not. qxd 1/7/04 12:44 PM Page 31 From $200 to Half a Billion 31 incentivized. Teams of first-year employees compete for cash prizes, handed out at the end of the Secular Forum (described in Chapter Four), which range up to $35,000. Pay and performance bonuses make early millionaires of the best. PIMCO’s most senior managers, its managing directors—whom Gross calls partners—share in the firm’s profits and in an equity interest in the company, even under the Allianz umbrella.

He scrounged for meals to conserve his capital and began to develop not only a real skill for Thorpe’s system but an aversion to the lifestyle that goes along with it. At first he took breaks just to get away from the hunched men and women who were his fellow players, of a type that can be found in any gambling den on any continent today— except that back then they were wreathed in thicker smoke and smelled more strongly of booze. But he discovered breaks upset his rhythm as well as his concentration.

The most they ever had invested in it was two or three years of negative carry—one or two hundred thousand dollars,” Podlich estimates. Gross’s share of the pie has been reported to be $233 million, plus a $200 million five-year contract, through 2005, in addition to his regular salary and bonuses. Considering his stature in the business, Gross’s regular income is probably on the order of $50 million annually. All told, Bill Gross is a half-billion dollar man. Gross’s portfolio was quickly outshining the rest of the insurance company’s investments.

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Amazing Forex System by Borowcki R


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