Bill Gross: Why I'm Trying to Go Short on Credit

The transcript discusses the challenges faced by investors in managing short durations and credit risk, emphasizing the difficulty of changing psychological makeup to adapt to market behaviors. It highlights the struggle of being comfortable with short positions and the influence of past market recoveries on current strategies. The speaker, a seasoned investor, shares insights on the systemic risks present in the financial system and the ongoing effort to balance belief in the system with risk management.

What does the speaker mean by 'eliminate duration exposure'?

What is the speaker's perspective on credit risk?

Why does the speaker find it hard to change their psychological makeup regarding investments?

How does the speaker describe the challenge of being a hedge manager?

What belief does the speaker hold about the investment system?