Quotes from Bill Gross

Obama/Romney, Romney/Obama - the most important election of our lifetime? Fact is they're all the same - bought and paid for with the same money. Ours is a country of the SuperPAC, by the SuperPAC, and for the SuperPAC.

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

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

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.

In terms of economic growth, PIMCO originated the famous phrase the 'new normal.'

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.

With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.

In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well. 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 - wherever and whatever that might be.

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

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

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

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

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.

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

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.

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

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

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

What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is a policy which stresses investments.

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

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.

I am tough but I have a soft side.

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.

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