Gross Had the Right Idea, Managers Need to Make Big Bets: Kaissar

The video discusses Bill Gross's career as a bond manager, highlighting his success at PIMCO and the factors contributing to his performance. It explores the challenges he faced later in his career, particularly at Janice, and reflects on the broader trends in active management. The discussion also touches on the future of asset management, questioning whether the era of rockstar fund managers has ended.

What does the discussion suggest about the future of active management in investing?

What are the implications of the trend towards passive investing for active managers?

In what ways does the text indicate that the era of household name fund managers may be changing?