We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
Bill GrossThe 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.
Bill GrossCompanies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
Bill Gross