Bill Gross Quotes

The last thing you want to do, unless it's a very unusual situation, is to invest money.

When you have risk aversion in Japan, the normal day-to-day outflows that happen in a normal market environment slow down.

I am very conservative. I don't invest in anything that is risky. If someone comes to me with a project idea, I let them risk their money, not mine.

The riskiest thing you can do is get greedy.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

I'm not looking to double my money with one golden opportunity.

I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.

I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's the only smart financial move I ever made.

Nobody ever lost money taking a profit.

Should you protect profits? Yes. But run for the hills? No.

I'm not a betting man.

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

I'm a very passive investor.

Don't bottom fish.

Investors don't like uncertainty.

People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

I haven't been as wild with my money as somebody like me might have been. I've been very safe, very conservative with investments. I don't blow money. I don't have a ton of houses. I know things can go away. I've already had that experience.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

It is the part of the wise man ... not even to venture all his eggs in one basket.

If you want to avoid all risks, soon you will have no risks to worry about.

Vessels large may venture more, But little boats should keep near shore.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

I have a saying: There are no brave old people in finance. Because if you're brave, you mostly get destroyed in your 30s and 40s. If you make it to your 50s and 60s and you're still prospering, you have a very good sense of how to avoid problems and when to be conservative or aggressive with your investments.

Investing should be dull. It shouldn't be exciting.

There's no such thing as wealth without risk.