Jeffrey Gundlach – investor and director of DOUBLELINE CAPITAL

The direction of investing and trading on the stock exchange attracts many successful people who have somehow managed to realize themselves in life.

The reason for this phenomenon is the desire not only to preserve earned capital, but also to significantly increase it, ensuring a profitability that is several percent higher than the bank one.

However, the history of the stock exchange world contains more resonant stories, since sometimes completely random people who have nothing in common with the investment world achieved simply stunning success.

Actually, you will get acquainted with one of these stories in the article and learn about how a musician began to manage billions of dollars.

Jeffrey Gundlach was born on October 30, 1959 in Amherst, New York. He grew up in the most ordinary American family, where there was only enough money to feed the family and for small elements of everyday luxuries.

His father worked all his life as a chemist at a company that produced bowling oil, and his mother was an ordinary housewife who raised children.

In one of his interviews, recalling his childhood years, Jeffrey Gundlach told how their dryer once broke down, and his mother, instead of raising a panic and calling a repairman, laid out the ropes in the backyard, which she used for many years.

Jeffrey Gundlach - school hobbies

If we talk about his school years, biographers note that Gundlach was superior to his classmates in almost everything, from sports to studies themselves.

However, Geoffrey demonstrated phenomenal abilities precisely in mathematics, which later played one of the most important roles in his life.

And after graduating from school, thanks to his phenomenal mathematical abilities, he managed to get a scholarship to Dartmouth College. After college, again thanks to his aptitude for mathematics, he was accepted into Yale.

However, in addition to his love for the exact sciences, during his student life Jeff Gundlach developed a second talent, namely music.

He was excellent at playing the drums, so after university he packed up all his things and went on a two-year tour to California, where he actively performed and recorded songs.

However, Jeff and his band failed to reach the popular charts, so they had to think about other sources of income.

A happy accident, the reason for a successful choice.

Jeffrey Gundlach's choice of the stock market was completely accidental.

Once, on one of the TV channels, he saw how one famous trader in an interview mode told how much he earns, what salaries and money are circulating in the industry and introduced him to the situation regarding the work of white collar workers. Such a TV show really hooked Jeff, so he immediately rushed to deliver his resume and got his first TCW interview.

The most interesting thing is that during the interview he had nothing to offer except his mathematical skills, which naturally impressed the employer.

Completely inexperienced, Jeffrey took the position of manager, after which he rose to one of the most key figures in the company, which was engaged in financial management and investment in bonds .

His career at TCW was simply phenomenal; moreover, it was thanks to his work in the company that he managed to earn his first million dollars.

However, 2009 was a turning point, as one fine day he was simply fired. The most interesting thing is that he was accused of taking up private management, although this was not true.

However, when Jeffrey Gundlach sued, the company began to play dirty, making him out to be a pervert and a drug addict. It was leaked to the press that marijuana was found in his broken safe, as well as many magazines with adult content.

The worst thing is that this was done in order to denigrate Gundlach on behalf of his own team. There would have been no happiness, but misfortune helped.

The dismissal of Jeff Gundlach triggered a backlash, because a team of 45 subordinates did not believe the slander and quit after him, after which the company DOUBLELINE CAPITAL was founded.

Naturally, after the litigation and the departure of the leading analyst from TCW, the immigration of investor capital to DoubleLine Capital began.

If we talk about investment strategy, Jeffrey Gundlach believed that the US stock market is at a kind of peak, there is no point in investing in it, while buying government bonds and rising rates gives excellent returns. Especially if you use leverage for a beginner to increase capital for investment.

Today, Jeffrey Gundlach has over $55 billion under management and a personal net worth of over $1.5 billion.