Wounded Heart - PIMCO

Joseph Schumpeter, the originator of the phrase “creative destruction,” authored a less well-known corollary at some point in the 1930s.

“Profit,” he wrote, “is temporary by nature: It will vanish in the subsequent process of competition and adaptation.”

And so it has, certainly at the micro level for which his remark was obviously intended.

Once proud, seemingly indestructible capitalistic giants have seen their profits fall short of “everlasting” and exhibited a far more ephemeral character.

Kodak, Sears, Barnes & Noble, AOL and countless others have been “competed” to near oblivion by advancing technology, more focused management, or evolving business models that had better ideas more “adaptable” to a new age.

Continue reading -- Wounded Heart - PIMCO

Original content +Bob DeMarco , All American Investor

Bill Gross on Bernanke

If you don't see the video go here -- Bill Gross on Bernanke

Bill Gross on Bernanke

The Federal Reserve has done a "masterful" job of keeping global markets relatively quiet, which for investors means stocks and bonds are unlikely to change much in the coming months, Bill Gross, Pimco’s co-chief investment officer, told CNBC Wednesday.

“What the Fed (learn more) has done, rather masterfully, in terms of asset markets, is to suppress volatility".

The latest from Bill Gross (Pimco) QE3 is on the way

If you don't see the video go here.