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?
BILL GROSSCompanies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
More Bill Gross Quotes
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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.
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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.
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Even if a country can print its own currency and write its own cheques.
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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.
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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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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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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well.
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I have a 41-year track record of investing excellence… what do you have?
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Pay per click was just the beginning. The real evolution is pay per action.
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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.
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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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People have different impressions of themselves, and where reality lies is somewhere in between.
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Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.
BILL GROSS