Gerstner states lockdowns achieved nothing according to excess death data and lost generations of kids from school.
“I think most people believe there were consequences to lockdowns definitely with kids. Yes. Lost generations of kids from school.”
Gerstner argues markets correctly priced digital transformation arc despite initial concerns after 50% bounce in May.
“What it has been slow in pricing in is how dramatically different the arc will be for many of these digital businesses. I remember having conversations with Rich and many others in May.”
Gerstner deployed hundreds of millions into private software in late March/early April 2020 during COVID crisis.
“During periods of crisis like we've experienced over the last ninety days, I mean we put hundreds of millions of dollars to work in the private software market at the end of March and early April, because we weren't thinking about the next six minutes or the next six weeks”