“A mind is a precious thing to waste, so why are millions of America’s students wasting theirs by going to college?” he said in an investment column. “I sweated bullets, even if I didn’t fire many, and there was blood on my hands in a figurative if not a literal sense,” he wrote in one column.Īfter the military, Gross went to business school at the University of California in Los Angeles, but he reckons university is over-rated. His memories from service sometimes cropped up in his eagerly-anticipated Pimco newsletters. Gross then joined the military as a “24-year-old baby-faced naval officer” and was sent to Vietnam. “Although the odds were many times in my favour, if you took too much leverage and had too much debt then the house of cards will come tumbling down.” Gross, who was born in Middletown, Ohio, in 1943, said Vegas gave him a “sense of risk” that was unusual at the time, and taught him to avoid placing too many high-stakes bets. “The first is that if you apply yourself with a lot of hard work and mathematical prowess you can beat the system.” “My early blackjack career taught me several things,” he said.
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