Tuesday, June 5, 2012

Bill Gross quote

I read this quote from super-investor Bill Gross on Forbes' website today:
"The whales of our current economic society swim mainly in financial market oceans. Innovators such as [Steve] Jobs and [Bill] Gates are as rare within the privileged one percent as giant squid are to sharks, because the one percent feed primarily off of money, not invention."

Here's the full story: What Investors Can Learn From Apple, McDonald's And Wall Street's Blunders.

This quote encapsulates much of what I've come to believe about how the financial industry has become a parasite on the economy.

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