Talk about a clear investment thesis.

Jeffrey Gundlach, the hard-rocking mad drummer of the debt markets and founder of DoubleLine, says that bond investors are goofing up because they don't grok the fact that Americans are getting old, according to Bloomberg.

Because Americans are becoming old fogies, the workforce is getting smaller, meaning there is less money to be spent, meaning inflation putters, according to Bloomberg reporters Daniel Kruger and Wes Goodman. Meanwhile, everyone clamors to invest in assets that are low risk and produce income.

Before you say "Get off my lawn," remember, Gundlach's fund beat 97 percent of its rivals over the past three years, according to the Bloomberg article.

Is this a example of being Doctor Obvious? Is this a sign of keen conceptual clarity, a kind of no-nonsense insight that other PMs should learn from, or maybe even try to mimic? Is this just a demonstration of glam Californian marketing? (Gundlach is among those notable PMs who gets plenty of talking head time.) Does Gundlach just get it?

Maybe simple stories are just easier to tell. 

Edited by: Tommy Fernandez


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