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Bill Gross' "Trade of a Lifetime"

Bill Gross has made a call to short the German Bund and in doing so has called up memories of the greatest trade of all-time - Soros' Breaking the Bank of England.  I largely agree with Gross' fundamental outlook on the Bund.  But what really impresses me about Gross is his gutsy call.  Great trades take enourmous amounts of courage because it means betting against the world.  Where does that courage come from?  Years ago, I wrote a white paper called, "The Virtues of a Great Money Manager" which explains why great trades are courageous.  The paper discusses trades by Soros (Breaking the Bank of England is specifically discussed), Soros' old running buddy Jim Rogers and Warren Buffett.  The paper has been well recieved by many and if you like to read it, just click on the link below.