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?
BILL GROSSPay per click was just the beginning. The real evolution is pay per action.
More Bill Gross Quotes
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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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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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Pay per click was just the beginning. The real evolution is pay per action.
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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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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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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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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.
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People have different impressions of themselves, and where reality lies is somewhere in between.
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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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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.
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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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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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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
BILL GROSS