Hit or stay? William H. Gross began his career as a blackjack counter in Las Vegas. But his numbers savvy led him to create PIMCO (Pacific Investment Management Company), building it into one of the world’s biggest specialty fixed income managers. He serves as chief investment officer for the firm, which boasts more than $641 billion in assets under management. Gross was once quoted as saying “Gambling and money management are pretty much the same. …Spread the risk and avoid becoming emotional while staying focused on the odds."
In cnbc.com’s exclusive OUTLOOK '07 series, Gross spoke with CNBC’s Steve Liesman about what investors should expect in 2007.