I began my investment career as a portfolio manager in 1972 with Western Bancorporation in Los Angeles (name changed to First Interstate Bancorp, now part of Wells Fargo). After nine years in banking, I became a Vice-President Institutional Bond Sales as Merrill Lynch in San Francisco, with the major West Coast banks as clients. Later at L.F. Rothschild. I then returned to the 'buy' side in 1987 - not long before the crash as an institutional cash management portfolio manager with BAIMCO. In 1990, I joined Wentworth, Hauser, and Violich as cash manager and later as bond manager and co-head of Fixed Income, leaving in 2004 to start my own firm, TBD Capital LLC, which I operated for 10 years, as a registered investment advisor. In 2014, I terminated my RIA registration to focus on consulting and creating a new blog on wine, traderbillonwine.com, published bi-monthly, which will hopefully lead to a book. For the past ten years, over 1,600 posts, I have published my blog daily at traderbill.com, which I will continue doing when events have interest to me.