16 brilliant quotes from Bill Gross, the legendary 'Bond King' who retired earlier this year

  • Bill Gross, the world’s most famous bond investor, has a net worth calculated at around $US1.5 billion , and would have easily a billion dollars more if not for a recent contentious divorce.
  • For many years, Gross oversaw Pacific Investment Management Company’s Total Return Fund, the largest bond fund on the planet.
  • We compiled 16 of Gross’ most memorable quotes over the years.
  • Visit MarketsInsider.com for more stories.

Stories follow Bill Gross like rats to the Pied Piper. From the lurid details leaked about his 2018 divorce to record-setting sales of stamp collections to the ugly end to his time at Pacific Investment Management Company, his life has been a fascinating story to follow.

Before Gross was hailed as the “Bond King” and was managing PIMCO’s Total Return Fund, the single biggest such fund in the world, he earned a degree in psychology from Duke University, saw combat multiple times in Vietnam, got an MBA from UCLA, and earned a living playing blackjack in Las Vegas.

Gross retired earlier this year at age 74 after his four-year tenure running a fund at Janus Henderson didn’t live up to expectations.

While he may no longer be active in the business, Gross is still outspoken and highly visible, and has lots of memorable quotations from years past.

Here are 16 of the most brilliant quotes from Bill Gross:

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

Source: MarketWatch

‘My early blackjack career taught me several things. The first is that if you apply yourself with a lot of hard work and mathematical prowess you can beat the system.’

Source: The Guardian

‘Finding the best person or the best organisation to invest your money is one of the most important financial decisions you’ll ever make’

Source: Financial Express

‘Human nature means that institutions at some point lose their sense of mission’

Source: CNN Money

Read more:
11 mind-blowing facts about the US economy

‘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’

Source: Harvard Business Review

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

Source: Bloomberg

Read more:
A day in the life of a Lyft vice president, who wakes up at 6 a.m. and rarely spends a minute at her desk

‘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’

Source: CNBC

‘I would admit I’m an introvert. I don’t know why introverts have to apologise’

Source: Reuters

‘Do you really like a particular stock? Put 10% or so of your portfolio on it; make the idea count. Good ideas should not be diversified away into meaningless oblivion’

Source: The Motley Fool

‘We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.’

Gross wrote those words in 2012 at the end of a monthly letter for PIMCO.

Source: Business Insider

Read more:
7 ways American work habits have changed in the past 10 years

‘The market can move for irrational reasons, and you have to be prepared for that’

Source: CNN Money

‘I’m an Asperger, and Aspergers can compartmentalise. They can operate in different universes without the other universes affecting them as much.’

Getty Images/ Jeff Gross

Source: MarketWatch

‘Stocks historically return more than almost all other alternative investments, but only when priced right when the race begins’

Source: The Street

‘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’

Source: QFINANCE: The Ultimate Resource, 4th edition

‘I am obsessed with delivering value to investors and winning the game from a personal standpoint’

Source: Business Insider

‘When you’re underperforming the index, you go home at night and cry in your beer. It’s not fun, but who said this business should be fun. We’re too well paid to hang our heads and say boo-hoo’

Source: CNBC


Bill Pugliano/Getty

Here are the 21 most brilliant quotes from Warren Buffett, the world’s most famous and successful investor

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.