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

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.

Thus first of all in His own person He sanctified, restored, and blessed human nature.

The most beautiful as well as the most ugly inclinations of man are not part of a fixed biologically given human nature, but result from the social process which creates man.

Habituated from our Infancy to trample upon the Rights of Human Nature, every generous, every liberal Sentiment, if not extinguished, is enfeebled in our Minds.

The savior who wants to turn men into angels is as much a hater of human nature as the totalitarian despot who wants to turn them into puppets.

Thus self-love as one part of human nature, and the several particular principles as the other part, are, themselves, their objects and ends, stated and shown.

My sentiments for the American cause, from the Stamp Act downward, have never changed... I am still of opinion that it is the cause of liberty and of human nature.

Many artists and scholars have pointed out that ultimately art depends on human nature.

The being without an opinion is so painful to human nature that most people will leap to a hasty opinion rather than undergo it.

The courage of a soldier is found to be the cheapest and most common quality of human nature.

It's human nature to gripe, but I'm going ahead and doing the best I can.

Law is born from despair of human nature.

Subdue your appetites, my dears, and you've conquered human nature.

In the general course of human nature, A power over a man's subsistence amounts to a power over his will.

The parental, and filial affections seem to be as ardent, their sensibility and attachment, as active and faithful, as those observed to be in human nature.

What is government itself but the greatest of all reflections on human nature? If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary.

For humanism also appeals to man as man. It seeks to liberate the universal qualities of human nature from the narrow limitations of blood and soil and class and to create a common language and a common culture in which men can realize their common humanity.

The science of the mind can only have for its proper goal the understanding of human nature by every human being, and through its use, brings peace to every human soul.

Speech is human nature itself, with none of the artificiality of written language.

The point of departure of the process to which we wish to contribute is the fact that war is the natural reaction of human nature in the savage state, while peace is the result of acquired characteristics.

There is a very remarkable inclination in human nature to bestow on external objects the same emotions which it observes in itself, and to find every where those ideas which are most present to it.

None of us is guaranteed against failure or corruption of any kind; witness what's going on in the world in this moment, the follies of human nature and the failures of human nature.