from Zero Hedge
Bill Gross’ latest letter is a curious melange of two distinct parts.
The first one is more of the same traditional stream of consciousness we have grown to expect from the man some call the “former” bond king. Curiously, the topic of discussion is something Gross has never “touched” upon before, namely sex. As Gross says, “Sex is a three-letter word that has rarely appeared in an Investment Outlook until now.” The second part may have been ghost-written by the “new” bond king, as it recaps – in a Q&A format – all the recent points made by Jeff Gundlach, who recently said to “sell everything” except gold and gold stocks. Gross’ spin: “I don’t like bonds, I don’t like most stocks; I don’t like private equity. Real assets such as land, gold, and tangible plant and equipment at a discount are favored asset categories.”
First, here is Gross’ take on Sex: