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Lessons from my investing career

The combination of leverage and time is a critical one to recognise in any portfolio blueprint

The writer is a philanthropist, private investor and co-founder of Pimco

With age comes some insights and as we head into 2025, now is as good a time as any to look back on some of the lessons from my investing career that have served me well.

On the occasion last year of the publication of a (almost) comprehensive collection of my Investment Outlook essays going back to the late 1970s, I allowed myself some time for reflection. Not over the humility of calls that I got right or wrong, but what can be drawn from them now.

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