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.

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

Well, 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.

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.

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.

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

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