GROSS: "I'm Not The Great Investor Everyone Thinks I Am"

Decades of epic returns caused by credit expansion and debt.

Bill Gross yesterday on Bloomberg.

Pimco's Bill Gross weighs in with thoughts on his investment record, Bernanke, stock and bond markets, interest rates, Japan, Europe, Cyprus and the U.S. economy.

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They discuss Bill's latest monthly letter which is here.

Man in the Mirror

Am I a great investor?  No, not yet.  To paraphrase Ernest Hemingway’s “Jake” in The Sun Also Rises, “wouldn’t it be pretty to think so?”  But the thinking so and the reality are often miles apart.  When looking in the mirror, the average human sees a six-plus or a seven reflection on a scale of one to ten.  The big nose or weak chin is masked by brighter eyes or near picture perfect teeth.  And when the public is consulted, the vocal compliments as opposed to the near silent/ whispered critiques are taken as a supermajority vote for good looks.  So it is with investing, or any career that is exposed to the public eye.  The brickbats come via the blogs and ambitious competitors, but the roses dominate one’s mental and even physical scrapbook.  In addition to hope, it is how we survive day-to-day.  We look at the man or woman in the mirror and see an image that is as distorted from reality as the one in a circus fun zone.

Continue reading at PIMCO...

Here's a list of all his monthly letters...

Comments

[DailyBail]

Note to Readers

I just contacted my AD network, and they are getting rid of the annoying TD Ameritrade ad at the bottom of the page. I didn't authorize it to run on my site and today it is showing up on every page, and it interferes with my blogging platform and won't let me post stories.

I also told them to turn off the ridiculous text link ads that are on the site. I hate those fucking things and didn't authorize them to begin with. When you're so busy working on the site all day that you don't read emails, shitty things happen like your AD network begins to authorize things for you. Lesson learned, but still pissed.

[DailyBail]

Just stuck here -- can't post stories, can't do anything but read and make comments because of the f*&#^$%ing TD Ameritrade ad. It is blocking my access to log-in and post stories.

Are readers getting the Ad at the bottom of every page like I am?

[SKINFLINT]

HELL EFFIN YEAH!!!!

[DailyBail]

I just got confirmation that they are working on the problem -- just shut the f#^%*#&%king thing off.

[DailyBail]

And... it's gone.

Now I can get to work.

And the annoying text links ADs will be shut off soon. Apparently it takes up to 24 hours for those to disappear.