Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
Bill GrossWell, 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 GrossIf companies don't know that they can run out of money, they won't be thinking of ways not to run out of money.
Bill GrossDo 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.
Bill Gross