Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSSCompanies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSSI would admit Im an introvert. I dont know why introverts have to apologize.
BILL GROSSWhen 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 GROSSFinding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
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.
BILL GROSSDo 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 GROSSWhy 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 GROSSWhenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSSBonds despite their ridiculous yields will not easily be threatened with a new bear market.
BILL GROSSIf 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 GROSSSlow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
BILL GROSSBond 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.
BILL GROSSIn 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 GROSSThe 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.
BILL GROSSEven if a country can print its own currency and write its own cheques.
BILL GROSSAccountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
BILL GROSS