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 GROSSWhether 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.
More Bill Gross Quotes
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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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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.
BILL GROSS -
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS -
People have different impressions of themselves, and where reality lies is somewhere in between.
BILL GROSS -
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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Even if a country can print its own currency and write its own cheques.
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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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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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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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Pay per click was just the beginning. The real evolution is pay per action.
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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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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