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Yes, I guess this was written to appeal to everyone who agrees that the finance/econ system is screwed. Gross is saying "I get it, I agree, no one understands t
by roymurdock 11y ago
Yes, I guess this was written to appeal to everyone who agrees that the finance/econ system is screwed. Gross is saying "I get it, I agree, no one understands this better than me," which differentiates him from a lot of other managers who like to reiterate that things are fine, don't take your money out of our funds, thank you.
An interesting but self-defeating ploy. If the system is set up to shrink/collapse, I'm not going to put my money into said system, even if you vaguely promise me 5-6% returns until collapse.
Not that my opinion matters as my net worth is marginal, and this outlook will probably get some of the doom and gloom crowd to sign up with his fund.
Funny how much of finance is marketing...how much of everything is marketing...