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.
BILL GROSSWith all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.
More Bill Gross Quotes
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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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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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Even if a country can print its own currency and write its own cheques.
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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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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS -
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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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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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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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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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The market can move for irrational reasons, and you have to be prepared for that, … you need to make big bets when the odds are in your favor — not big enough to ruin you, but big enough to make a difference.
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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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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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When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time
BILL GROSS