Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSSFinding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
More Bill Gross Quotes
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With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.
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Even if a country can print its own currency and write its own cheques.
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When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time
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The market can move for irrational reasons, and you have to be prepared for that, … you need to make big bets when the odds are in your favor — not big enough to ruin you, but big enough to make a difference.
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Damn inflation, full speed ahead,’ Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
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If companies don’t know that they can run out of money, they won’t be thinking of ways not to run out of money.
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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Well, I, you know, I think at PIMCO we always try and be open with the press and the public. I mean, isn’t that what voters want from their politicians? Mohamed El-Erian, our CEO, writes several op-eds a week.
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Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
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Why is it possible to rescue S&L buccaneers in the early ’90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?
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Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
BILL GROSS -
Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.
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Pay per click was just the beginning. The real evolution is pay per action.
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Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren’t enough of those jobs.
BILL GROSS