People have different impressions of themselves, and where reality lies is somewhere in between.
BILL GROSSAccountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
More Bill Gross Quotes
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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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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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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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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Even if a country can print its own currency and write its own cheques.
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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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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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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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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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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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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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I have a 41-year track record of investing excellence… what do you have?
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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.
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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