Gross Domestic Product

also referred to as: gdp

11 statements across 11 episodes · 5 bullish · 1 bearish · 11 people on the record · first statement Feb 4, 2019 by Steve Kuhn · across every show →

Everything said about Gross Domestic Product, oldest first

Feb 4, 2019 bullish
Prediction Not checkable as stated
Smarter US immigration policy could boost GDP growth by 3% annually
“If we had a smarter immigration policy, I think we could boost our GDP by another three percent a year. So if we're at four percent GDP now, I think we can get to seven.”
Steve Kuhn Feb 4, 2019 ▶ 40:42 Steve Kuhn – Life After Hedge Funds (Capital Allocators, EP.85)
Mar 18, 2019 bullish
Prediction Didn’t hold up
Friedman estimates Opportunity Zones will increase US GDP by 0.4%
“We estimate it'll increase GDP by four-tenths of percent.”
Manny Friedman Mar 18, 2019 ▶ 31:50 Manny Friedman – EJF on Economic Opportunity Zones (EP.91)
Mar 30, 2020 neutral
Insight
Inker: Google cannot outgrow GDP forever without a new business model
“Google has been able to grow extraordinarily fast by taking share from every other kind of advertising that has happened. The underlying fundamental truth that advertising grows with GDP has not changed, and as their share of advertising gets bigger and bigger…”
Ben Inker Mar 30, 2020 ▶ 31:50 Ben Inker – Value Investing at GMO (First Meeting, EP.17)
Jun 29, 2020 neutral
Assertion Supported
Davis: US healthcare spending is approaching 20% of GDP
“Healthcare spends approaching 20% of GDP.”
Tony Davis Jun 29, 2020 ▶ 45:35 Sustainable Investing 7: Tony Davis – Hedge Fund Perspective at Inherent Group (Capital Allocators, EP.145)
Aug 26, 2021 bullish
Prediction Didn’t hold up
Rieder projects that the US economy will achieve 8% GDP in 2021
“I think the economy is going to grow. I mean, I think we're going to have an eight percent GDP this year.”
Rick Rieder Aug 26, 2021 ▶ 38:35 Rick Rieder – BlackRock (Manager Meetings, EP.08)
Dec 30, 2021 neutral
Assertion Partly supported
Montgomery: US venture funding reached $150B in 2020, just 0.6% of GDP
“Investment venture capital. United States topped one hundred fifty billion last year. It's well ahead of that this year. It's fair to say the surface area of innovation has increased dramatically, but to put one hundred fifty billion dollars in context, that's…”
Jamie Montgomery Dec 30, 2021 ▶ 15:42 Jamie Montgomery – March Capital (Manager Meetings, EP.26)
Jun 20, 2022 negative
Opinion
Forman: Finance captures 12% of GDP without producing anything inherently valuable
“Finance globally is Is 11 to 12% of GDP. And finance as an industry doesn't produce anything that's inherently valuable. It's just an industry that is a lubricant for other sectors like healthcare, education, et cetera, to actually, like, make the world a bett…”
Ben Forman Jun 20, 2022 ▶ 20:47 Ben Forman – Opportunities in DeFi (EP.256, Crypto for Institutions 2, EP.03)
Jun 5, 2023 positive
Insight
Investing in shrinking businesses insulates portfolios from macro and valuation risks
“One of the things I believe in terms of downside protection is you can protect your downside several different ways. One way is to have some specific hedge. Another way is to be high up in the capital structure, have some structural protection. And a third way…”
Adam Shapiro Jun 5, 2023 ▶ 40:46 Adam Shapiro – Post-Breeding Grounds for Rising Stars and Families (Capital Allocators, EP.319)
Feb 26, 2024 positive
Opinion
Milken: US human capital is worth roughly $1,500 trillion
“And the human capital in the United States, if it had to be measured, I would say it would be around 1500 trillion. So we're talking 60 to 70 times the GDP of the country.”
Michael Milken Feb 26, 2024 ▶ 29:48 Michael Milken – Innovations in Finance, Medicine, and Education (EP.371)
Apr 28, 2025 neutral
Assertion Supported
Bitar: U.S. remittances account for 20% of GDP in Central America
“20% of many of these countries' GDP are remittances from the U.S. To the countries.”
Rodrigo Bitar Apr 28, 2025 ▶ 35:46 Rodrigo Bitar – Overlooked Opportunities in Latin America (EP.442)
Jan 19, 2026 neutral
Assertion Supported
Kleinman: Private equity grew from under 0.5% of GDP in 1994 to 10–14% today
“Private equity probably represented less than a half a percent of GDP versus the 10, 12, 14% that it is today.”
Scott Kleinman Jan 19, 2026 ▶ 7:14 Scott Kleinman – Apollo's Integrated Alternatives Platform (EP.481)
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