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Because in the New Normal you are more worried about the return of your capital, not return on your capital.
~Mohamed El-Erian


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Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.
~Mohamed El-Erian


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The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.
~Mohamed El-Erian


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Most people are under exposed to global assets, including foreign stocks, bonds and currencies.
~Mohamed El-Erian


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After many decades of Disney movies, we have been conditioned to expect princesses to fall in love quickly with their charming princes and 'live happily ever after.'
~Mohamed El-Erian


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America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.
~Mohamed El-Erian


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There seems to be no limit to the exciting possibilities that come from combining technical innovations, the Internet, and social media.
~Mohamed El-Erian


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The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
~Mohamed El-Erian


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The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.
~Mohamed El-Erian


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The world is on a bumpy journey to a new destination and the New Normal.
~Mohamed El-Erian


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Investors should invest on what they know. The biggest mistake is to invest on what they don't know.
~Mohamed El-Erian


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For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.
~Mohamed El-Erian


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As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
~Mohamed El-Erian


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Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?
~Mohamed El-Erian


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Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
~Mohamed El-Erian


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Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S.
~Mohamed El-Erian


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It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
~Mohamed El-Erian


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If the Scottish people decide to opt for independence, it would not be a good idea for Scotland to maintain a very rigid link to the pound.
~Mohamed El-Erian


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Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.
~Mohamed El-Erian


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Mohamed El-Erian quotes

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