One of the reasons I'm taking my personal time to research posts and blog here is that I generally don't find what I know, and what I think, presented anywhere else. But today I had the rare pleasure of having one of my recent posts echoed far more eloquently by one of the smartest people in the country, superstar bond manager Bill Gross, in his August newsletter here. The wealthy, Gross says, are taking too much for anyone's long term interest, as thoughtful rich people like Warren Buffett and Bill Gates understand and other rich people do not. In addition, due to the housing bubble, the credit bubble and their aftermath, hard times are coming. I suggest reading Gross's post.
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