_Life

 Investment, Bill Gross Investment markets in the United States will not ultimately prosper under such an increasingly odorous environment. - Bill Gross 미국의 투자 환경은 이런 냄새가 증가하는 환경에서는 궁극적인 번영을 이루지 못할 것이다. - 빌 그로스

 Neighbor, Bill Gross What we're doing is kind of expanding upon the neighbor concept. - Bill Gross 우리가 하려는 것은 일종의 이웃이라는 개념을 확장하려는 것입니다. - 빌 그로스 Image: The block of four of the 1869 24c United States stamps with inverted centre from the Gross collection (shown inverted) | Wikimedia Commons in the public domain | https://commons.wikimedia.org/wiki/File:1869_24c_United_States_stamps_with_inverted_centre.jpg

There is not a Bond King or a Stock King or an Investor Sovereign alive that can claim title to a throne. All of us, even the old guys like Buffett, Soros, Fuss, yeah – me too, have cut our teeth during perhaps a most advantageous period of time, the most attractive epoch, that an investor could experience. ...What if an epoch changes? What if perpetual credit expansion and its fertilization of asset prices and returns are substantially altered? What if zero-bound interest rates define the end of a total return epoch that began in the 1970s, accelerated in 1981 and has come to a mathematical dead-end for bonds in 2012/2013 and commonsensically for other conjoined asset classes as well? What if a future epoch favors lower than index carry or continual bouts of 2008 Lehmanesque volatility, or encompasses a period of global geopolitical confrontation with a quest for scarce and scarcer resources such as oil, water, or simply food as suggested by Jeremy Grantham? What if the effects of gl...

Inflation and deflation in this levered world coexist nearly side-by-side. - Bill Gross (1944- ) 레버리지가 일어난 세상에서는 인플레이션과 디플레이션이 나란히 공존합니다. - 빌 그로스