Then why is PIMCO opening up equity funds? If he were true to his beliefs he would be rolling them up or selling them to another fund family. Sounds like a case of do as I say, not as I do . . .
That seems to be the default mode of Wall Street. They talk one way, manage another.
I’ve been through this with a money manager. His columns in Forbes were a better reflection of what worked in the market than how he actually managed client money.