Wednesday, October 01, 2014

2011 And All That -

2011 And All That -

"Further thoughts on the fall of Bill Gross: While his personal behavior and management style may have been difficult, that’s hardly unusual among people in his position. All would have been forgiven, indeed never mentioned, but for his utter misjudgment of the bond market in 2011 – a misjudgment based on his failure, or more accurately refusal, to acknowledge the realities of a liquidity trap world."

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