Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

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.

Be cautious and content with low positive returns in 2015. The time for risk taking has passed.

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

Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.

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.