I find Bill Gross frequently bold and invariably insightful. I found this commentary particularly well written. It is amazing how so much can be encapsulated in such a brief essay. I heartily recommend it.
Accepting the world for what it is and not for what we wish it to be might be the greatest psychological hurdle for successful investing.
By the way, we concur in his inference that much of the panic in the municipal and corporate bond markets is quite overdone; hence those segments of the fixed income markets appear attractive.
Andrew Mellon vs. Bailout Nation By Bill Gross
Posted January 13, 2009 by Nathan Gendelman
