We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

I am tough but I have a soft side.

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.

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

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

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.