Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
BILL GROSSImperceptibly, the developed world’s manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.
More Bill Gross Quotes
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I have a 41-year track record of investing excellence… what do you have?
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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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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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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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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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Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.
BILL GROSS -
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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I would admit Im an introvert. I dont know why introverts have to apologize.
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
BILL GROSS -
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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.
BILL GROSS -
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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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Even if a country can print its own currency and write its own cheques.
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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.
BILL GROSS






