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 GROSSBonds despite their ridiculous yields will not easily be threatened with a new bear market.
More Bill Gross Quotes
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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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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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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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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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Pay per click was just the beginning. The real evolution is pay per action.
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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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People have different impressions of themselves, and where reality lies is somewhere in between.
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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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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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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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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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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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Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
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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?
BILL GROSS