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 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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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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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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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.
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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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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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Pay per click was just the beginning. The real evolution is pay per action.
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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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With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.
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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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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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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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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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I would admit Im an introvert. I dont know why introverts have to apologize.
BILL GROSS