I think alot of you are just talking about the quote, but the guy is really gifted.
"On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross."
"Morningstar nominated Mr. Gundlach for Fixed Income Manager of the Year for multiple years, and he won the award in 2006. In 2009, he was nominated by Morningstar for Fixed Income Manager of the Decade. In 2010, Mr. Gundlach was named to the SmartMoney Power 30 and one of the seventeen most influential people by The Mutual Fund Wire. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics. "
He has started his own company and his funds DBLTX/DLTNX have returned 15.29% over the last 12 months with relatively low volatility while vanguard total bond market VBMFX only returned 4.95%. So it would take like 3 years of VBMFX to make what DBLTX made in one year. The expense ratio isnt bad at .49% and the guy has a stellar track record returning 7.97% per year over the last 10 years while even Bill Gross returned less at 7.79%.
Current yield on DBLTX is 8.83%. Morningstar gives his fund one of the lowest interest rate sensitivty rating for bonds that there is at "limited" even lower than total bond market which is "moderate". Average duration is only 2.6 years.
Morningstar: "The results have been stunning. Gundlach and comanager Philip Barach started the fund in April 2010, and it soared 18% between then and the end of January 2011, topping every intermediate-term bond fund with less-than-average volatility
"Gundlach ran TCW Total Return Bond TGLMX with a similar, eclectic look for years, through bull and bear markets, including 2008, with tremendous success."
Yes I have money in his funds, and yes they have performed amazing, and I have no complaints.
So I guess this guy put his money where his mouth is, and he has the stats to back it up.