Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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.
More Bill Gross Quotes
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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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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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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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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 -
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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Pay per click was just the beginning. The real evolution is pay per action.
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Even if a country can print its own currency and write its own cheques.
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Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.
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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 -
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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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 would admit Im an introvert. I dont know why introverts have to apologize.
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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