Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
BILL GROSSWhen 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.
More Bill Gross Quotes
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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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Retrain, 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.
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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.
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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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You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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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.
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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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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 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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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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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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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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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.
BILL GROSS