Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
BILL GROSSWe are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
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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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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Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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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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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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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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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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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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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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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Even if a country can print its own currency and write its own cheques.
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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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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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I would admit Im an introvert. I dont know why introverts have to apologize.
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Pay per click was just the beginning. The real evolution is pay per action.
BILL GROSS