Mohamed El Erian Quotes

The world is on a bumpy journey to a new destination and the New Normal.

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

Most people are under exposed to global assets, including foreign stocks, bonds and currencies.

Investors should invest on what they know. The biggest mistake is to invest on what they don’t know.

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.

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