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The following image shows how the opinion about what to do is being configured around the photograph. Bill Gross publishes an opinion piece in the Financial Times, and it's no small matter, advising against investing in bonds and cautioning against stocks. Wow. Bill Gross is telling us in the article that company balance sheets have become unbalanced and that growth, in turn, may suffer the consequences of the shift around domestic demand, which is starting to stagnate.
And if domestic demand isn't consuming, where is the growth? And Bill Gross answers. Well, the growth is that I, Microsoft, buy a lot of chips from you, Nvidia. And Nvidia goes to another company, saying, "I'll buy you, I'll buy you, I'll invest in you, and I'll buy you." But that's a fictitious circular economy.
But the gross domestic product says, "Oh, this is growing at 4%." And he says, "Yes, but the reality is that you should be very careful because balance sheets are becoming unbalanced. What's the key? Debt. From there, look at Bill Gross's recommendation in the Financial Times this morning. One of the most-viewed articles in the paper, and I recommend you read it.
Don't invest in bonds. 5.34% return over 30 years, 4.80-something, 4.9% over 2 years. And Bill Gross says, 'Don't invest in bonds. Don't invest in bonds.' And be careful with stocks. This is a warning, but, well, the size of the Wall Street building, but the whole thing. Telling the investor, be careful, there's a part of the analysis that may be wrong, that may be mistaken.
And notice that in this scenario, we have to go back to the words of Warren Buffett and the behavior of Berkshire Hathaway in the last two years. Liquidity, liquidity, liquidity, liquidity. Why What? Because in the minds of Bill Gross and Warren Buffett lies the concept of opportunity cost. What's better?
Invest now at the highs because it's going to keep going up, as many analysts are saying, or think that there's a practically immediate correction that could give you an entry point much lower, but run the risk of missing the end of the rally? Of course, there's a part of the investor that says, "But what end of the rally?
We've been hearing about the end of the rally since 2022, everything's going to explode, everything's going to burst, everything's going to end, and this just keeps going up and up and up." Until one day it explodes. Until one day it explodes. Bill Gross's article, which I highly recommend reading in the Financial Times, gives us a very dangerous warning: don't invest in bonds and be careful with stocks.
Look at the following image showing how the Wall Street Journal says that fund managers are asking their clients to give the bond market another chance. Excuse me? Let's go... The previous image. Financial Times, Bill Gross, don't invest in bonds. Let's move on to the next one. Wall Street Journal, fund managers are asking their clients to give the bond market another chance.
Excuse me. Look at the volatility in the market. A spark ignites, everything catches fire, economically speaking. So much so that there are positions so terribly opposed to each other that the solution is becoming increasingly difficult. Bonds are falling, but the classic 60-40 portfolio is fulfilling its purpose for the first time in years.
A 60-40 portfolio to protect you from the current situation. Who is right? Bill Gross or most of the fund managers that Wall Street Journal reports? But the message is completely the opposite. The investor arrives and says, "I don't know what the hell to do anymore." If one person says one thing, another says something else." Look,
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