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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.

Bill Gross

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 GROSS

Bankers Capital Long Management Wall
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

Long Naked Swimming
Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
BILL GROSS

Decision Important Organization
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Debt GDP Growth Slow
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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Differences Moving Odds
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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Brilliant Fidelity Fund Mutual
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.
BILL GROSS

Doors Icons might Question
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 GROSS

Beer Fun Home
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.
BILL GROSS

Ideas Oblivion Portfolios
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS

Newspapers Wife Wives Love
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 GROSS

Running Thinking Way
Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
BILL GROSS

Bears Ridiculous Yield
Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.
BILL GROSS

Analysis Aspect Judging
Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
BILL GROSS

Jobs Political Writing
I would admit Im an introvert. I dont know why introverts have to apologize.
BILL GROSS

Apologizing Introvert Knows
Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSS

Equity Expenses Return

Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.

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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.

Related Topics

Popular Authors

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