“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.”

A domain name is your address, your address on the Internet. We all have a physical address; we’re all going to need an address in cyberspace. They’re becoming increasingly important. I believe we’ll get to the point where when you’re born, you’ll be issued a domain name.

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

Hawaii’s the 50th state? I thought it was a suburb of Guam.

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.

The one thing you can’t take away from me is the way I choose to respond to what you do to me. The last of one’s freedoms is to choose ones attitude in any given circumstance.

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.

Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count … Good [investment] ideas should not be diversified away into meaningless oblivion.

Imperceptibly, the developed world’s manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

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.

I have a 41-year track record of investing excellence… what do you have?

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.

Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’

Bond investors are the vampires of the investment world. They love decay, recession – anything that leads to low inflation and the protection of the real value of their loans.

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.

I would admit Im an introvert. I dont know why introverts have to apologize.

Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.

The purpose of science is not to analyze or describe but to make useful models of the world. A model is useful if it allows us to get use out of it.

To deal with future we have to deal with possibilities. Analysis will only tell us what is.

The analysis of data will not by itself produce new ideas.

Western traditions of education have emphasized knowledge analysis, description and debate. They all have a part to play, but today there is a whole vast aspect of doing that has just been left out. Operacy is what keeps society going.

Each country its cost analysis is going to be different. So what we are you seeing in Syria, for example, is different than what’s going on in Jordan. The maps are being rewritten.

The analysis of the thing is not the thing itself.

There is philosophy, which is about conceptual analysis – about the meaning of what we say – and there is all of this … all of life.

I see philosophy as a fairly abstract activity, as concerned mainly with the analysis of criticism and concepts, and of course most usefully of scientific concepts.