Bill Gross Quotes

We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good investments and that you wanted to be in good investments, and therefore, you'd just find a few of them that you knew a lot about and concentrate on those seemed to me such an obviously good idea. And indeed, it's proven to be an obviously good idea. Yet 98% of the investing world doesn't follow it. That's been good for us.

Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.

The real key to making money in stocks is not to get scared out of them.

Here is a dirty little secret: Stock-picking is wildly overrated. Sure, it makes for great cocktail party chatter, and what is more fun than delving into a company's new products? But the truth is that individual stocks are riskier than broad indices.

The very first stock I bought right out of college was Berkshire Hathaway.

If you're an investor who wants a little bit more from the capital-appreciation side of things, but still likes this concept of getting 'paid by the company,' then we would tell that investor to pursue shareholder yield.

Having different types of stocks in your portfolio can enhance returns.

As a professional, you can afford to pick some stocks and be wrong about a few of them. To keep your job, you cannot take the risk of being seen to be wrong about the 'big picture' for very long.

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

The way to become rich is to put all your eggs in one basket and then watch that basket.

I don't think anybody ever makes any money buying and selling stock. They have to make money by keeping the stock.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the other ideas relative to that.

Regardless of what the future holds, intelligent investment in common stocks offer a solid route for a reasonable return on investment going forward.

Never underrate the importance of asset allocation.

If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.

Early in my career, we were just pure bottoms-up stock pickers.

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.

You've got to be diversified enough. That's the truth in the SEC and in college football.

As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification.

Diversification is an established tenet of conservative investment.

Picking the right stocks is one of the hardest parts of investing, and every night on Mad Money, I try to take some of that burden off your shoulders.

The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.

There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.