When 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.
BILL GROSSDamn inflation, full speed ahead,’ Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
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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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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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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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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.
BILL GROSS -
Damn inflation, full speed ahead,’ Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
BILL GROSS -
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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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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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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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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People have different impressions of themselves, and where reality lies is somewhere in between.
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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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Even if a country can print its own currency and write its own cheques.
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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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.
BILL GROSS