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Bill Gross Discusses His Mistake on Betting Against Treasurys

Betting against U.S. debt was a mistake, says Bill Gross, PIMCO founder and co-CIO. Bill Gross stated recently that it was a “mistake to bet so heavily against the price of U.S. government debt.” He noted that he wishes he had invested more in U.S. governmental debt earlier this year. “It was my/our mistake in thinking that the U.S. economy can chug along at 2% real growth rates,” the newspaper cited Gross as saying. “The U.S. and developed economies are near the recessionary dividing point."

Below is the video where Bill Gross discusses the mistake he made with U.S. treasurys:

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Jacob Wolinsky
My investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com

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