We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
BILL GROSSIn 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.
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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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.
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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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Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
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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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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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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.
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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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I would admit Im an introvert. I dont know why introverts have to apologize.
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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People have different impressions of themselves, and where reality lies is somewhere in between.
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I have a 41-year track record of investing excellence… what do you have?
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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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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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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