What do Pigs and Marijuana have to do with Credit?

10 Feb

We’ve been getting a lot of questions in our first quarter reviews about the future of bonds. Mainly, “How come we’ve got so much bonds in the portfolio when stocks did so well?” Thank you January and a 7% stock market drop for answering that question clearly and succinctly.

Bill Gross is a very smart man.  If you haven’t heard of him, he runs one of the world’s largest mutual fund companies and is oft-quoted in the financial media. Somehow, he is able to link pigs, medieval times and marijuana to our modern economy and make it an enjoyable and informative read.


His insights are always well worth reading.  He is one of the great economic minds of our generation. 

This particular essay is easily one of his best! It explains exactly why, for our individual clients and 401(k) plans in Santa Rosa and around the Bay Area, we’ve always advised a balanced approach over the years and will continue to do so.




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