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Zero destroys existing business models such as life insurance company balance sheets and pension funds, which in turn are expected to use the proceeds to pay benefits for an aging boomer society, these assumed liabilities were based on the assumption that a balanced portfolio of stocks and bonds would return 7-8 percent over the long term.

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Reuters 8 years ago
Bill Gross

Bill Gross

William Hunt "Bill" Gross (born April 13, 1944) is an American financial manager and author. He co-founded Pacific Investment Management (PIMCO).

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    "Bill Gross Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.quotes.net/citizen-quote/124892>.

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