My point about pigskin offense and defense is the perfect metaphor for the world of investing as well. Offensively minded risk takers in the markets have historically been the ones who have dominated the headlines and won the hearts of that beautiful gal (or handsome guy). Aside from the rare examples of Steve Jobs and Bill Gates, however, the secret to getting rich since the early 1980s has been to borrow someone else’s money, throw some Hail Mary passes and spike the ball in the end zone as if you had some particular genius that deserved monetary rewards 210 times more than a Doctor, Lawyer or an Indian Chief. Nah, I take that back about the Indian Chief. The Chiefs, at least, have done pretty well with casinos these past few decades. [PIMCO Investment Outlook]
What Does Bill Gross Think About When He's On The Can? He's Glad You Asked [VIDEO]
Naturally, he's written hundreds of words on this and other matters in his monthly outlook letters.
Pimco Accuses Bill Gross Of "Sad Obsession" With Ex-Firm, Still Having An AOL Account
Hard to say which is more damning.
The State Of California Will Have To Pry Bill Gross's 90 Minute Long Showers From His Cold, Lifeless Hands
The bond manager apparently has a transcendent shower and if anyone thinks he's gonna give that up because of a little drought in California, they oughta think again!