PIMCO's Gross shifts to defensive investment model
NEW YORK (Reuters) - It's time for defense, says Bill Gross, manager of the world's largest bond fund.
Manuela Badawy
NEW YORK
Tue Feb 28, 2012 2:56pm EST
link-
http://www.reuters.com/article/2012/02/28/us-markets-outlook-gross-idUSTRE81R1SW20120228
"Gross mentioned Warren Buffett's business model as "Omaha/West Coast" offense being duplicated around the world, thanks to central bank monetary policies, placing an increasing emphasis on stock and investment selection as opposed to business model liability funding."
"Buffett will succeed, based upon his continued strong offensive play calling, but the rules of the game are changing," Gross wrote. "The emphasis these days should be on the defensive coach."