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.

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.

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

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

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

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