Even if a country can print its own currency and write its own cheques.
BILL GROSSWhen you’re underperforming the index, you go home at night and cry in your beer. It’s not fun, but who said this business should be fun. We’re too well paid to hang our heads and say boo hoo.
More Bill Gross Quotes
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I would admit Im an introvert. I dont know why introverts have to apologize.
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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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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?
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People have different impressions of themselves, and where reality lies is somewhere in between.
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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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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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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.
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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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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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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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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS