Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.
More Quotes from Bill Gross:
Companies have been diluting your equity via stock options claiming that management needs incentives of millions of dollars just to get up in the morning and come in to work, ... Then they pick you off by trading on insider information, selling shares before the bad news hits and you have a chance to get out.Bill Gross
So, the lower inflation goes and the more and more investors believe that inflation will stay low, the better it is for the bond market.
Bill Gross
This is a market of disparate opinions and therefore increasing opportunities for those who get it right. We hope to be one.
Bill Gross
Either way, ... we pay the price higher import costs, a cutback in spending on cheap foreign goods, rising inflation, perhaps chaotic financial markets, a lower standard of living.
Bill Gross
Is it any wonder that in the space of the last six months we have had headline speeches promoting the dangers of deflation only to be followed by fears of accelerating inflation
Bill Gross
Even our attorney in Valley City is a volunteer.
Bill Gross
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