Bill Gross Quotes

Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.

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.

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.

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

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.

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.

Bonds despite their ridiculous yields will not easily be threatened with a new bear market.

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

Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'

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.

I have a 41-year track record of investing excellence… what do you have?

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

People have different impressions of themselves, and where reality lies is somewhere in between.

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. 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.

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

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.

Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.

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

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

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. It seems, perhaps, that the longer and longer you keep at it in this business the more and more time you have to expose your Achilles heel - wherever and whatever that might be.

Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

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.

I am tough but I have a soft side.