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Money Guy Show

A Gross Misconception

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 3 August 2012

⏱️ 37 minutes

🧾️ Download transcript

Summary

Bill Gross is someone we respect greatly and we have been following his career for years. He co-founded Pacific Investment Management and runs the world's largest bond mutual fund, PIMCO Total Return. He recently released an Investment Outlook piece, titled Cult Figures, and we wanted to share our opinion on his thoughts in today's show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxes.

0:09.0

You've got financial questions, he's got financial answers, it's Brian Preston, the money

0:14.5

guy.

0:15.5

Well, if you're wondering what today's shows go beyond, we go through, you know, every

0:19.8

now and then, there's something that happens out there in the financial world where it

0:24.1

might be a big talking head or somebody who's very famous in the financial arena, like

0:29.3

a Warren Buffett, we'll make a comment and we react to it.

0:33.3

I mean, obviously you guys know we do the Berkshire Hathaway, annual report is one of those

0:37.2

things that kind of rub my hands together and get excited for almost like Christmas.

0:40.9

We're going to do the same thing this year.

0:43.2

Well, I should say this episode, I don't know why I said this year, I guess it's because

0:46.6

it's the thing about Warren Buffett and his annual shareholder report, but Bill Gross

0:50.3

has really been making some waves because he made some comments.

0:53.9

And Brian, who is Bill Gross?

0:55.2

Well, I'm going to get into that.

0:56.4

I'm going to get into that.

0:57.5

People don't know who Bill Gross is.

0:58.5

I'm going to give you the quick Wikipedia type intro on who Bill is, but I want to let

1:04.1

you know if you've heard some of the things that Bill Gross has said, we're going to cover

1:07.7

those today.

1:08.7

Now, before we get into the nuts and bolts of the show today, I did want to give a big

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