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

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

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

I would admit Im an introvert. I dont know why introverts have to apologize.

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

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

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