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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3636 posts

Bill Gross' List of Writers He Follows


quote:

@PIMCO Gross: Strategists/writers I follow? Dalio, Durden, Bianco, Arnott, Aitken, Santelli, Grant, Grantham, Inker, Marks, Quaintenance & Brodsky



Confirms he is a ZH reader.







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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Bill Gross' List of Writers He Follows


Inker is code for bennyandtheinkjets





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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3636 posts

re: Bill Gross' List of Writers He Follows


Nah, he knows me as The Inkmesiter.

It's kind of like the Stiffmeister from American Pie, but instead of boning girls, I make spreadsheets.

:iswearimcool:






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matthew25
Ole Miss Fan
Member since Jun 2012
3274 posts

re: Bill Gross' List of Writers He Follows


Santelli?

The famous ranter?






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Doc Fenton
LSU Fan
Houston, TX
Member since Feb 2007
50319 posts

re: Bill Gross' List of Writers He Follows


This reminds me. I still haven't finished reading that " Bond Wars" article I started reading earlier this afternoon.

I remember reading the first few paragraphs and thinking that Gross might be having a mental breakdown talking about machine guns and the Battle of the Somme and all that crap.

Lemme get back to it and see where the hell he's going with this...







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Doc Fenton
LSU Fan
Houston, TX
Member since Feb 2007
50319 posts

re: Bill Gross' List of Writers He Follows


quote:

Grantham


Just mentioned him yesterday...






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Doc Fenton
LSU Fan
Houston, TX
Member since Feb 2007
50319 posts

re: Bill Gross' List of Writers He Follows


quote:

While PIMCO has been rather prescient at warning of New Normals and then predicting the inevitable turn of near zero percent yields, it is an open question whether we are still marching three feet apace with 65-pound backpacks into the face of 1,000 machine guns, or safely burrowed in fox holes with revised strategies adaptive to a new era. Trust me, no investment firm has given this transition more thought. While our strategic execution in May/June of 2013 can and has been publically faulted, we are confident that we know how to win this evolving bond war. We have spent months – indeed years – preparing for this new dawn. We intend for you – our clients – to be surviving veterans of this battle, not casualties. PIMCO will not go down at the Somme.


Holy shit!






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Doc Fenton
LSU Fan
Houston, TX
Member since Feb 2007
50319 posts

re: Bill Gross' List of Writers He Follows


quote:

Unconstrained strategies, alternative assets and stocks will be flexible choices in a dynamic future environment. We want to continue managing them for you. But don’t give up on bonds. Flexible bond managers can adapt as well. PIMCO will not go down at the Somme.


Man, you know your job is tough when you write up a big, manic impassioned plea to your clients trying to convince them that they're NOT about to walk into a hail of machine gun fire.

On the one hand, he seems like he's imagining himself as Houdini when he's really just on the 3rd stage of grief--bargaining.

On the other hand, what else can he say? Nothing he said was wrong, and he is doing his best to give good advice for a sector that is about to enter stormy waters.

frick it. I like him. He's doing the best he can with the hand he's got right now.







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blueboy
LSU Fan
between here and there
Member since Apr 2006
17565 posts

re: Bill Gross' List of Writers He Follows


quote:

It's kind of like the Stiffmeister from American Pie, but instead of boning girls, I make spreadsheets.

pretty sure that's all he did too.






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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3636 posts

re: Bill Gross' List of Writers He Follows


I like Bill a lot, too. He can be a dick but that's just him, he lives in his own brain and he demands the best everyone, no exceptions.

The last IO though I was not a fan of. Most people on the street understand the concept of carry while definitions may change. He can say all he wants about harvesting roll-down and option theta, but in the end its marginal compared to the lack of income in low yield environments and your extended duration. A retail investor won't really care too much about 50 basis points of alpha when you have negative 250 basis points in performance.






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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1021 posts

re: Bill Gross' List of Writers He Follows


Who/What is Quaintenance? Never heard of it.





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