“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.”

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.

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 never wanted to be run of the mill.

As for the single market, the E.U.’s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.

In the long run, most of us spend about fifteen minutes total in the entanglements of passion, and the rest of our days looking back on it, humming the tune.

The only crying shame about it is, when good things happen to you, you run short of time. It takes the same amount of time, however, to tell people, ‘It’s good to see you again. I’m sorry we only have a minute to talk,’ as it does to say, ‘I don’t have time to talk with you’ period.

The interests of the Soviet Union are in controlling highly developed countries and having the benefit of their economies so that they can run their own inefficient empire.

People may find it more comfortable to listen to us if we equivocate, but in the long run only words that discomfort them are going to change our situation.

Corner one of the hundreds of doctors who specialize in autism recovery, and they’ll tell you stories of dozens of kids in their practice who no longer have autism. Ask them to speak to the press and they’ll run for the door. They know better.

It’s insane when someone shows up to your show and is like, “You could run off with me right now!” I’m like, “It’s cool, I think I’m gonna go read.”