10 spot-on predictions by Jeffrey Gundlach
The date
Deember 2009
The details
TCW Inc. didn't just fire Mr. Gundlach in December of 2009. They reportedly had lawyers chase him down 17 flights of stairs, and later sued him for allegedly stealing company secrets on his way out. Despite all that, Mr. Gundlach took the biggest gamble of all on himself. He founded DoubleLine Capital LLC and took 40 of his TCW co-workers with him. Three years later, the firm hit $50 billion in assets and Mr. Gundlach celebrated in style — by renting out a restaurant in TCW's own building.