AI-Generated Content — This profile was created using AI and publicly available sources. While we strive for accuracy, details may contain errors or be outdated. Quotes may be paraphrased or taken out of context. Achievements and figures are based on public reporting and may not be precise. This profile does not imply endorsement by the individual featured. Not financial advice.
The Thesis
Gundlach, the 'Bond King,' launched DoubleLine after leaving TCW and built it into one of the largest fixed income managers by making consistently prescient calls on interest rates and the economy.
The Story
Jeffrey Gundlach was fired from TCW in 2009 amid a bitter dispute. Rather than fading away, he immediately launched DoubleLine Capital with several former colleagues. The timing was perfect — the financial crisis had created extraordinary opportunities in mortgage-backed securities, and Gundlach's expertise in the sector was unmatched. DoubleLine's flagship Total Return Fund quickly became one of the most popular bond funds in the world.
Gundlach earned the nickname "Bond King" for his consistently accurate calls on interest rates, Treasury yields, and the broader economy. He correctly predicted the oil price crash of 2014, the Trump election in 2016, and numerous interest rate moves. DoubleLine grew to manage over $90 billion at its peak. His career — building a new firm from scratch at 50 years old after being fired, and immediately outperforming his former employer — is one of the great comeback stories in finance.
Key Insight
Setbacks can be springboards — being fired or losing a position can be the catalyst for building something even greater, if you have the skills and the drive.
“The truth is like a lion. You don't have to defend it. Let it loose. It will defend itself.”
Jeffrey Gundlach
Enjoyed this? Get more like it.
Glen's Musings — AI, investing, and building things. Occasional. Free.
Explore More
See how Glen Bradford applies these principles to his own investing. Long Fannie Mae & Freddie Mac junior preferred — conviction meets patience.