Personal Finance Advice and Commentary

Tuesday, August 30, 2011 4:06 pm
By Sheyna Steiner · Bankrate.com

Being mistaken can be embarrassing but it’s always better to admit the mistake, cut your losses and move on. And Bill Gross is moving on from his recent mistake: his well-known estrangement from longer-term U.S. Treasuries. Earlier this year the co-chief investment officer of Pimco and manager of the Pimco Total Return Fund, announced that