Gerstner predicts private market valuations will normalize to match public market declines of 50%, not just 5-10%.
“There was some you know, there's a report out this week that lots of people comment on Twitter where public markets were down 50% and private marks were down, I don't know, five to 10%.”
Gerstner warns the market could see a 10 to 20% consolidation after recent gains.
“But the bigger risk right now is simply that we've come a long way quickly. Right? We could have a 10 to 20% consolidation in the socks or these other technology and AI markets,”