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.

Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.

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

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.

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.

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.

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

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

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

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.

I am tough but I have a soft side.

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

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.

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.

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.

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

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.

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

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.

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.

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

The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.

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.

What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is a policy which stresses investments.

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.

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

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.

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.

I'm doing a little consulting. I'm somewhat retired, still a director of a company or two.

Take the tone of the company you are in.

So I decided to form a production company with my wife and our partner Diane.

Even when I'm writing plays I enjoy having company and mentally I think of that company as the company I'm writing for.

This kid's excited because he's with Bad Company and I'm excited because I'm with Chuck Berrys' son.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Hope is generally a wrong guide, though it is very good company by the way.

Without In The Company of Men, I could still be teaching, so who knows if this would've existed.

All business success rests on something labeled a sale, which at least momentarily weds company and customer.

People are stunned to hear that one company has data files on 185 million Americans.

That co-operation and peace rather than industrial strife and strikes will best promote the prosperity of the employees the company and all of the people and even strengthen the nation.

Our loss was very heavy, especially in the officers. Capt. Sale, of Co. E, Duke's regt, was among the killed, making the third Capt. that has been killed in that company.

It's like, it's up to the people to fall in love with the song. The record company can only do so much.

I used to be pretty reckless. When I was a runner for a production company, I drove a massive 16 seater van. I was only 18. I mean I look young now, but then I looked about 12.

A man reserves his true and deepest love not for the species of woman in whose company he finds himself electrified and enkindled, but for that one in whose company he may feel tenderly drowsy.

People who have nothing to do are quickly tired of their own company.

No entertainment is so cheap as reading, nor any pleasure so lasting. She will not want new fashions nor regret the loss of expensive diversions or variety of company if she can be amused with an author in her closet.

I didn't need to depend on the record company to publish my records.

So I've learned in the past, if a company approaches me and they want something like this, or something like that that I've done and I turn them down, they're going to do it anyhow.

No company can afford not to move forward. It may be at the top of the heap today but at the bottom of the heap tomorrow, if it doesn't.

I am not influenced by the techniques or fashions of any other motion picture company.