NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Legendary bond and fixed income investor, William H. (Bill) Gross today released his first investment outlook, “The Fixx”, since retiring from Janus Henderson (NYSE: JHG) in February of this year. In addition, Mr. Gross activated his new website, https://williamhgross.com, where investors can view an archive of some of his favorite investment outlooks written over the past 40 years, as well as learn more about the $390 million-asset William, Jeff and Jennifer Gross Foundation’s philanthropic activities.
In his investment outlook entitled “The Fixx”, Mr. Gross writes that “asset markets have benefited tremendously and have been ‘Saved by Zero’ as the rock group ‘The Fixx’ rather ironically sang way back in 1983.” He estimates conservatively that stock prices in 2019 alone have risen by 15% or so, solely because real 10-year Treasury rates have declined by 80 basis points in the past nine months. He cautions investors to “prepare for slow economic growth globally and an end to double-digit market price gains of months and years past.”
In releasing his archived outlooks, which provide a chronicle of financial markets through the perspective of one of history’s greatest investors, Mr. Gross says: “These outlooks represent life as I saw it, and in many cases, lived it. The monthly preambles about living were what I enjoyed writing the most and were almost always laborious painful inquisitions into our daily lives and in some cases the meaning of life itself.”
Mr. Gross adds: “My best ones, in my opinion, were mentally framed during quiet moments in a shower or after a hard workout at the gym when endorphins open the brain to subconscious thoughts and feelings. They are as much as an autobiography as I could have written, but framed in a monthly series of essays, compiled over four decades that show a maturation or perhaps a molting of my life’s philosophy. They represent who I was, who I am and who I expect to become. I hope that in certain ways, they connect with your own experience.”
Renowned investor Warren Buffett said, “I eagerly look forward to Bill Gross’s commentaries. The prose is lively, the logic flawless, and his insights valuable. It’s going to be a delight to have his views collected in a volume to which I can readily refer.”
About Bill Gross
Bill Gross has been a pioneer in fixed income investing for more than 40 years. He co-founded PIMCO in 1971 and served as managing director and chief investment officer until joining Janus in 2014. Throughout his career, he has received numerous awards, including Morningstar Fixed Income Manager of the Decade for 2000 to 2009 and Fixed Income Manager of the Year for 1998, 2000 and 2007. Mr. Gross became the first portfolio manager inducted into the Fixed Income Analysts Society’s Hall of Fame in 1996 and received the Bond Market Association’s Distinguished Service Award in 2000. In 2011, Institutional Investor magazine awarded him the Money Management Lifetime Achievement Award. Mr. Gross oversees the $390 million-asset William, Jeff and Jennifer Gross Family Foundation, which annually donates more than $21 million to non-profits involved in humanitarian causes, health care, and education.
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