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 GROSSRetrain, 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.
More Bill Gross Quotes
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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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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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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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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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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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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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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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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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I would admit Im an introvert. I dont know why introverts have to apologize.
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Even if a country can print its own currency and write its own cheques.
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I have a 41-year track record of investing excellence… what do you have?
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Well, I, you know, I think at PIMCO we always try and be open with the press and the public. I mean, isn’t that what voters want from their politicians? Mohamed El-Erian, our CEO, writes several op-eds a week.
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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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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