…utilities?
Whoa whoa whoa. Whoa. Who is this guy and what has he done with Bill Gross?
Perhaps remarkably, during the week surrounding the Lehman crisis in September of 2008, yours truly frantically called my wife Sue to empty our two local bank accounts into apparently safer Treasury bills. I was not the only PIMCO professional to do so.
Well, sure. Who wouldn’t call his wife to…
Holy crap.
Ah, but this is not a vindictive diatribe, although to me, money changers resemble Mammon more than archangels, and they all make too much money, including PIMCO.
Good to know.
So come on you frustrated Will Rogers lookalikes. Join the wimp who pulled his money out of the bank just 14 months ago. Look at your monthly statement, zero in on that .01% yield and say to yourself, “I’m as mad as hell, and I’m just not going to take this anymore!†You can’t buy the Burlington Northern – Warren Buffett has scooped that up – and most other choices offer tempting returns, but potential bullets as well. Buy some utilities. It may not be as much fun as running a railroad, but at least you’ll know who to call if the lights go out.
That’s “whom to call”, Bill. “Whom”.
Read the whole thing. I do not know what has gotten into Bill Gross, but I like it.
What has gotten into Bill Gross?
Well, Bill Gross has gotten into utility stocks.
Nemo says Bill “always” talks his book. This time, Bill agrees with Nemo.