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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

Bill Gross

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
When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time
BILL GROSS

Long Naked Swimming
People have different impressions of themselves, and where reality lies is somewhere in between.
BILL GROSS

Lying People Reality
Finding the best person or the best organization to invest your money is one of the most important financial decisions you’ll ever make.
BILL GROSS

Decision Important Organization
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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Ideas Oblivion Portfolios
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

Analysis Aspect Judging
We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
BILL GROSS

Austerity Long Many
I have a 41-year track record of investing excellence… what do you have?
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Excellence Track Years
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
Pay per click was just the beginning. The real evolution is pay per action.
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Action Click Pay Real
Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Newspapers Wife Wives Love
Bonds despite their ridiculous yields will not easily be threatened with a new bear market.
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Bears Ridiculous Yield
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.
BILL GROSS

Mean Thinking Writing
Accountants, machinists, medical technicians, even software writers that write the software for “machines” are being displaced without upscaled replacement jobs.
BILL GROSS

Jobs Political Writing
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.
BILL GROSS

Enough Jobs Myth People
Even if a country can print its own currency and write its own cheques.
BILL GROSS

Country Currency Even Out Print

We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

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We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

Related Topics

Popular Authors

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