https://minutesof.com/bill-gurley/on/accounting/ Everything Bill Gurley has said on accounting: 10 verbatim quotes between January 2024 and March 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:21:59 +0000 https://minutesof.com/q/3916df0a-ae9e-48ea-9091-3bcb1c22c4cf/ https://minutesof.com/q/3916df0a-ae9e-48ea-9091-3bcb1c22c4cf/ “I think the circular deals are horrific. I don't think the auditor should have approved them. And I think whenever you eventually have an unwinding, they're gonna make it worse because they won't be sustainable.” — Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 accounting https://minutesof.com/q/b7b0e59d-9163-4caa-9cd5-f7e1864e8839/ https://minutesof.com/q/b7b0e59d-9163-4caa-9cd5-f7e1864e8839/ “You shouldn't be able to move cash from your balance sheet and create revenue on your income statement. I just don't think that should be okay. But they're all doing it.” — Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 accounting https://minutesof.com/q/4bcc4a0f-d365-451d-8017-91d3532b2df8/ https://minutesof.com/q/4bcc4a0f-d365-451d-8017-91d3532b2df8/ “I just explained the structure of them to chat GPT, and I would encourage anyone to go do this like it's a exercise anyone could do.” — Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 accounting https://minutesof.com/q/fa055c70-5946-427d-b598-8b884e668b71/ https://minutesof.com/q/fa055c70-5946-427d-b598-8b884e668b71/ “And it immediately started talking about WorldCom and Enron unprompted by me. I just said, what do you think about these types of structures?” — Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 accounting https://minutesof.com/q/89ba8d79-ecf1-4045-a23a-2dcb22c8653a/ https://minutesof.com/q/89ba8d79-ecf1-4045-a23a-2dcb22c8653a/ “And I just described those things to CHIGBT and ask it for its analysis both as an accountant and as a financial investor.” — Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 accounting https://minutesof.com/q/426381f9-81e6-4eb1-9572-baa0cd988bf7/ https://minutesof.com/q/426381f9-81e6-4eb1-9572-baa0cd988bf7/ “That's a rev that's a cashless transaction. Like, there's no cash, but it becomes an income statement revenue item for Microsoft.” — Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 accounting https://minutesof.com/q/ef450a94-7e23-421f-a308-0ccb8d1c788f/ https://minutesof.com/q/ef450a94-7e23-421f-a308-0ccb8d1c788f/ “That's a rev that's a cashless transaction. Like, there's no cash, but it becomes an income statement revenue item for Microsoft. And I don't think that's ideal from an economic standpoint.” — Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 accounting https://minutesof.com/q/cd293f6c-b4a7-4beb-898b-e518bc330e72/ https://minutesof.com/q/cd293f6c-b4a7-4beb-898b-e518bc330e72/ “Meta agreed to pay for the failure of debt on a facility where they don't own the debt. You know? And to me, that's classic off balance sheet financing.” — Bg2 Pod Tue, 14 Oct 2025 23:56:17 +0000 accounting https://minutesof.com/q/dc9b98ff-02dd-478f-b033-931fe6c72c16/ https://minutesof.com/q/dc9b98ff-02dd-478f-b033-931fe6c72c16/ “Well, yeah. I mean, a big skeptic would say you're using your balance sheet to drive your income statement, which should be a no no.” — Bg2 Pod Thu, 25 Jan 2024 16:05:50 +0000 accounting https://minutesof.com/q/6a87e9b1-ee74-4f28-940d-9207294b2f93/ https://minutesof.com/q/6a87e9b1-ee74-4f28-940d-9207294b2f93/ “They built a big server farm and their only customers they have are companies that they went out and gave credits away to as a form of investment.” — Bg2 Pod Thu, 25 Jan 2024 16:05:50 +0000 accounting