The Minutes of Bill Gurley on circular deals https://minutesof.com/bill-gurley/on/circular-deals/ Everything Bill Gurley has said on circular deals: 1 verbatim quote between March 2026 and June 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:05 +0000 Gurley argues circular deals explain why Nvidia's multiple won't go higher despite strong growth. https://minutesof.com/q/d6c97e35-a153-488e-a289-9b08b060d417/ https://minutesof.com/q/d6c97e35-a153-488e-a289-9b08b060d417/ “People wanna understand why the Nvidia multiple won't go higher. I think it's the circular deals. Like if they're not material, don't do them.” — Prof G Markets Fri, 27 Mar 2026 11:00:44 +0000 circular deals