I am tough but I have a soft side.

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

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

Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

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

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.

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.