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

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

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

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.

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 am tough but I have a soft side.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.