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

Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'

Bonds despite their ridiculous yields will not easily be threatened with a new bear market.

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

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

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

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