“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.”

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.

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.

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.

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.

I mean that everything this afternoon has been too beautiful, and that perhaps everything together will never be so right again. I’m very glad therefore you’ve been a part of it.

I mean, I think we’re put here on earth to make your own destiny, to begin with.

Call me patch. I mean it. Call me.

Reparations would mean the end of scarfing hot dogs on the Fourth of July while denying the facts of our heritage.

I was a little excited but mostly blorft. “Blorft” is an adjective I just made up that means ‘Completely overwhelmed but proceeding as if everything is fine and reacting to the stress with the torpor of a possum.’ I have been blorft every day for the past seven years.

Being gritty doesn’t mean not showing pain or pretending everything is O.K. In fact, when you look at healthy and successful and giving people, they are extraordinarily meta-cognitive. They’re able to say things like, ‘Dude, I totally lost my temper this morning.’ That ability to reflect on yourself is signature to grit.

The archangel.” i murmured. Looking back over my shoulder at the ride, which had started its next ascent. “it means high-ranking angel.” there was a definite smugness to his voice. “the higher up, the harder the fall.

Every single line means something.