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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.

Bill Gross

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
BILL GROSS

Butterflies Butterfly Chasing Rose
Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
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Debt GDP Growth Slow
Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
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Creditors Dollars Sanity
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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Develop Economy Finance Manufacturing World
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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Long Naked Swimming
Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Bears Ridiculous Yield
Even if a country can print its own currency and write its own cheques.
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Country Currency Even Out Print
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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Equity Expenses Return
I would admit Im an introvert. I dont know why introverts have to apologize.
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Apologizing Introvert Knows
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.
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Analysis Aspect Judging
Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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Jobs Political Writing
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Newspapers Wife Wives Love
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.
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Running Thinking Way
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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Austerity Long Many
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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Decay Real Vampire
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

Brilliant Fidelity Fund Mutual

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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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.

Related Topics

Popular Authors

More Bill Gross Quotes