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

If companies don't know that they can run out of money, they won't be thinking of ways not to run out of money.

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.

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

The market can move for irrational reasons, and you have to be prepared for that, ... you need to make big bets when the odds are in your favor -- not big enough to ruin you, but big enough to make a difference.

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

When you're underperforming the index, you go home at night and cry in your beer. It's not fun, but who said this business should be fun. We're too well paid to hang our heads and say boo hoo.