William H. Gross Quotes

“Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent.

We know they can go down. But five years ago, we thought they could only go up.”

“Bond investors are the vampires of the investment world. They love decay, recession – anything that leads to low inflation and the protection of the real value of their loans.”

“Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out – even if a country can print its own currency and write its own cheques.”

“Bonds as an asset class will always be needed, and not just by insurance companies and pension funds but by aging boomers.”

“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.”

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

“Do you know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.”

“Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count.

Good investment ideas should not be diversified away into meaningless oblivion.”

“Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.”

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

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

“I always thought of myself as being part of a family and sharing and, yes, leading, but not forcing people to do anything.”

“I am obsessed with delivering value to investors and winning the game from a personal standpoint.”

“I am tough but I have a soft side.”

“I have a 41-year track record of investing excellence… What do you have?”

“I would admit I'm an introvert. I don't know why introverts have to apologize.”

“I’m an Asperger, and Aspergers can compartmentalize. They can operate in different universes without the other universes affecting them as much.”

“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.”

“If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.”

“If you can make hydrogen that’s green, that’s a gamechanger, long term, we want to be the green hydrogen company.”

“It seems, perhaps, that the longer and longer you keep at it in this business, the more and more time you have to expose your Achilles heel.”

“It's sort of like a teeter-totter; when interest rates go down, prices go up.”

“My clients don’t pay me to feel sorry; they pay me to bring them money. I am tough, but I have a soft side.”

“My early blackjack career taught me several things. The first is that if you apply yourself with a lot of hard work and mathematical prowess you can beat the system.”

“Pay per click was just the beginning. The real evolution is pay per action.”

“People have different impressions of themselves, and where reality lies is somewhere in between.”

“Stocks historically return more than almost all other alternative investments, but only when priced right when the race begins.”

“The market can move for irrational reasons, and you have to be prepared for that.”

“The real boss in the family is my wife. She didn't want me hanging around the house all day and said, 'You don't want to retire; you'll regret it.' So I listened to her.”