PIMCO

We also take a side trip into the world of mutual funds to
look at the consequences of being right and of being wrong as a
money manager—and we illustrate how being right or wrong can
make a difference of billions of dollars very quickly. And we
show what groupthink did to the best call on interest rates that
McCulley has ever made at PIMCO. We will also take a peek at
McCulley’s portfolio—a look that will show that he is much
more of a Main Street investor than you might think. For years,
in fact, his most exotic investment was his home! McCulley will
also lay out what he is doing with his own money in two investing
situations, one a plan for his son and the other the investments
for his foundation. And we offer a primer on some of the
big—and small—thoughts that drive markets.