Insights

Insights showcasing the latest thinking from our analysts, portfolio managers, Janus executives and industry experts.

Investment Outlook:

Echoes from Africa

I traveled once to Africa, as you might have guessed by now, and it’s been a part of me ever since. Being perhaps the cradle of civilization, if not life itself, Africa casts an eerie glow over the entire history and, indeed, meaning of existence.

Red is the New Green

Bill Gross

I’ve got nothing against national anthems, and I wouldn’t kneel even if I was Colin Kaepernick. I just think as a country, “America the Beautiful” might have been a better choice for ours and that in some cases, some words of “The Star Spangled Banner” don’t ring true.

Populism Takes a Wrong Turn

The Trumpian Fox has entered the Populist Henhouse, not so much by stealth but as a result of Middle America’s misinterpretation of what will make America great again.

Doubling Down

My country club locker room is a fascinating 19th hole observatory where human nature and intelligence often come into conflict. Almost all of my golfing buddies are risk takers by nature and many of them are gamblers — not just in the card room but also in the casinos in Las Vegas.

How I Found My Golf Game but Lost My Wife to a Titleist

So what part of the title do you want to hear first? Well, I’m just funnin’ you on the latter, but finding your golf game at 72? Well, that’s serious business and nothing to joke about.

Masters and Johnson Q&A

Sex is a three-letter word that has rarely appeared in an Investment Outlook until now. I may be risque´ and delve into the forbidden territory of politics and religion, but “SEX”? — Never.

Just A Game

If only Fed Governors and Presidents understood a little bit more about Monopoly, and a tad less about outdated historical models such as the Taylor Rule and the Phillips Curve, then our economy and its future prospects might be a little better off. That is not to say that Monopoly can illuminate all of the problems of our current economic stagnation.

Bon Appetit!

Bill Gross

The economist Joseph Schumpeter once remarked that the “top-dollar rooms in capitalism’s grand hotel are always occupied, but not by the same occupants”. There are no franchises, he intoned – you are king for a figurative day, and then – well – you move to another room in the castle; hopefully not the dungeon, which is often the case.

Culture Clash

Bill Gross

A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the past decade and I surprised myself and perhaps him by answering that I now realized that younger generations – the Xer’s and Millenials – were far different generations from my own.

Zeno’s Paradox

Bill Gross

I once wrote that a good “bond manager” should metaphorically be composed of 1/3 mathematician, 1/3 economist and 1/3 horse trader. I still stand by that, although I would extend it now to the entire investment arena, especially after experiencing several years of “unconstrained” asset management.

Sunshine, Lollipops and...

Bill Gross

Our Sun – a rather tiny star in the glaxial scheme of things – seems inexhaustible. But 5 billion years from now, it will swallow, instead of nurture the Earth as it burns itself out – first contracting, then expanding like a flaming candle turned firecracker. Not to worry though. We won’t be around.

Increasingly Addled

Bill Gross

Long ago and far away in the adolescent cauldron known as Los Altos High School, I attended a senior U.S. history class with a man-child named Delos Roman. He was appropriately christened it seems, because his body resembled that of Zeus, the God of Thunder, and at 6’4”/230 pounds, he rumbled down the football sidelines like a Mack truck on a downhill mountain road.