Gerstner: Stock Market Is Not Justified Being 10-15% Above January 2024 Levels
Brad Gerstner · Ep14. Public Market Volatility, AI Air Pocket, $GOOG Ruling | BG2 w/ Bill Gurley & Brad Gerstner · Bg2 Pod · Aug 9, 2024 · at 52:45
Brad Gerstner (founder of Altimeter Capital) evaluates macroeconomic and geopolitical risks facing public equities in August 2024.
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“This market could give up a hundred percent of the gains that we've had year to date, which would mean you'd still have another 10 to 15% down in the market, and that just takes you back to where you were on January one, and so you have to ask yourself, as an investor sitting here in August, is the world so much better than it was on January one, right, that it has to be priced 10 to 15% higher? And the answer to that is no.”
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