According to FORTUNE -- Apparently, Bill Gross picks movies as well as investments.
Bond investor Gross, who runs the world's largest mutual fund Pimco Total Return, is known for his quirky letters to investors. In the past he has dispensed love advice (specifically for Europe) and written about why he hates automatic flush toilets. His letter this month, which came out on Tuesday, instead offers movie advice. Gross' big screen pick is The Great Escape.
The movie came out in 1963, is about World War II and stars Steve McQueen as the head of a group of American soldiers trapped in a German POW camp. Gross says the movie reminds him a lot of what it feels like to be an investor today. Ouch. Except it's debt that is playing the role of the Nazis. And if you don't dig a really big tunnel it's not clear you will ever afford to retire. Not encouraging stuff.
Basically, Gross' thesis is that the market, and investors, will be trapped in a low-return world for the next few years. That's because all the things that have been boosting the market for the past few decades - rising debt, low inflation, low-interest rates - are about to reverse….
http://finance.fortune.cnn.com/2012/03/28/pimco-bill-gross-great-escape/?iid=SF_F_River
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