Bill Gross quotes:

In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well. 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 - wherever and whatever that might be.

Accountants, machinists, medical technicians, even software writers that write the software for 'machines' are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

The real boss in the family is my wife. She didn't want me hanging around the house all day and said, 'You don't want to retire; you'll regret it.' So I listened to her.

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.

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

In terms of economic growth, PIMCO originated the famous phrase the 'new normal.'

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.

Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

I always thought of myself as being part of a family and sharing and, yes, leading, but not forcing people to do anything.

I would admit I'm an introvert. I don't know why introverts have to apologize.

Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.

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.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

Obama/Romney, Romney/Obama - the most important election of our lifetime? Fact is they're all the same - bought and paid for with the same money. Ours is a country of the SuperPAC, by the SuperPAC, and for the SuperPAC.

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.

Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

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.

It's sort of like a teeter-totter; when interest rates go down, prices go up.

Be cautious and content with low positive returns in 2015. The time for risk taking has passed,

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

I am tough but I have a soft side.

My clients don't pay me to feel sorry; they pay me to bring them money. I am tough, but I have a soft side.

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

The market can move for irrational reasons, and you have to be prepared for that, ... you need to make big bets when the odds are in your favor -- not big enough to ruin you, but big enough to make a difference.

Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.

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.

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect. a small movement can tip the boat.

Bonds despite their ridiculous yields will not easily be threatened with a new bear market,

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

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.

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.

I would admit Im an introvert. I dont know why introverts have to apologize.

When you're underperforming the index, you go home at night and cry in your beer," he said, adding: "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.

Pay per click was just the beginning. The real evolution is pay per action.

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.