In his latest Investment Outlook, PIMCO's Bill Gross opines that common sense, and not just high intelligence, is essential for long-term investment success. He defines investment common sense as the ability to "view the world in a state of
apparent equilibrium and wonder – 'does this make sense?' And if not, 'what might change it, and when?'"
For Bill Gross' views, including the "inevitable inflationary pressures of government bailouts," please click here.