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

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

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

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

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

Well, I, you know, I think at PIMCO we always try and be open with the press and the public. I mean, isn't that what voters want from their politicians? Mohamed El-Erian, our CEO, writes several op-eds a week.

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