Pimco's Bill Gross Says Stocks Were A Ponzi Scheme For The Last Hundred Years |
| August 01, 2012 | August 2012 Bond Updates |
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Anyone with an investment portfolio is probably familiar with the well-worn phrase “past performance is no guarantee of future results.” Bill Gross goes a step further in his August Investment Outlook, writing that not only should we not expect big returns from equities any time soon, maybe we should never expect them again. |
| View more at: http://www.forbes.com/sites/steveschaefer/2012/07/31/pimcos-bill-gross-says-stocks-are-a-ponzi-scheme/ |
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