BG

Bill Gross

124quotes

Bill Gross


Full Name and Common Aliases


Bill Gross is commonly known as William H. Gross.

Birth and Death Dates


Born on April 13, 1944, Bill Gross is an American economist and investment manager who is still active in the industry.

Nationality and Profession(s)


Nationality: American
Profession(s): Economist, Investment Manager

Early Life and Background


Bill Gross was born in Chicago, Illinois. He grew up with a passion for economics, which was sparked by his mother's influence. Gross's father was a lawyer who often discussed economic issues at home, further fostering his interest. After completing high school, he attended Southern Methodist University (SMU) in Dallas, Texas.

Gross developed an aptitude for mathematics and economics during his undergraduate studies at SMU. He graduated with honors in 1966. Following college, Gross enrolled in the Ph.D. program in Economics at the University of Chicago. It was during this time that he met his future wife, Sue Sadowsky, whom he married in 1970.

Major Accomplishments


Bill Gross began his career as an economist and investment manager with Dreyfus & Co., where he worked from 1968 to 1987. During his tenure at Dreyfus, Gross became a recognized expert on bond investing. He introduced the concept of "bond market timing" through his writings in the Financial Analysts Journal.

Gross joined PIMCO (Pacific Investment Management Company) in 1994 as its first CIO (Chief Investment Officer). Under his leadership, PIMCO's assets under management grew from $1 billion to over $2 trillion by 2014. Gross was instrumental in launching several successful bond funds, including the Total Return Bond Fund.

Throughout his career, Gross has been recognized for his innovative investment strategies and exceptional leadership skills. He is a recipient of the "Morningstar" award for outstanding fixed-income portfolio management.

Notable Works or Actions


Gross has written extensively on economics and investing in various publications. His articles have appeared in The Wall Street Journal, Financial Times, and other leading financial media outlets. One of his notable works is "Bill Gross's Investment Outlook," a quarterly newsletter that offers insights into the bond market and investment trends.

Gross has also been an outspoken critic of central banks' monetary policies. He often expresses concerns about inflation, interest rates, and their impact on investors. His opinions have sparked debate among economists and financial experts worldwide.

Impact and Legacy


Bill Gross's influence on the bond market is undeniable. He has helped countless investors navigate the complexities of fixed-income investing through his investment strategies and educational materials. Gross's leadership at PIMCO expanded its global presence, making it one of the largest asset managers in the world.

Gross's legacy extends beyond his professional achievements. He has been a vocal advocate for financial literacy and investor education. Through various initiatives and philanthropic efforts, he aims to empower individuals with knowledge about personal finance and investing.

Why They Are Widely Quoted or Remembered


Bill Gross is widely quoted and remembered due to his expertise in bond investing and his innovative investment strategies. His opinions on monetary policy and economic trends have shaped the financial landscape for decades. As a prominent figure in the investment management industry, Gross continues to inspire and influence investors worldwide with his insights and contributions.

As a testament to his lasting impact, Gross has been featured in various media outlets, including The New York Times, Forbes, and Bloomberg. His name is synonymous with excellence in fixed-income investing and leadership within the financial services sector.

Gross's commitment to educating investors about personal finance and economics ensures that his legacy extends far beyond his professional accomplishments.

Quotes by Bill Gross

Bill Gross's insights on:

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.
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Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.
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I would admit I'm an introvert. I don't know why introverts have to apologize.
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I would admit I'm an introvert. I don't know why introverts have to apologize.
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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Whenever I read the newspaper, I say to myself, ‘At least my wife loves me.’
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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.
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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.
BG
Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.
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Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That’s where they want to go.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
BG
When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time.
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When the tide goes out, you get to see who’s swimming naked. PIMCO has had its bathing suit on for a long time.
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