The Minutes of Brad Gerstner on interest rates https://minutesof.com/brad-gerstner/on/interest-rates/ Everything Brad Gerstner has said on interest rates: 5 verbatim quotes between June 2020 and November 2023, each with a timestamp and a link to the… en Sun, 30 Aug 2026 16:21:50 +0000 Gerstner predicts the ten-year treasury will settle in a three to four percent range, creating a highly invest https://minutesof.com/q/ae921316-b4a3-4353-9b51-16f8a0ce3567/ https://minutesof.com/q/ae921316-b4a3-4353-9b51-16f8a0ce3567/ “I think we're going back to a period of three to four on the ten year, a highly investable period.” — CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 interest rates Gerstner highlights the shift from zero rates to 8% mortgages as evidence of dramatic policy change. https://minutesof.com/q/5a993ced-5033-444b-9b80-710973ab71a2/ https://minutesof.com/q/5a993ced-5033-444b-9b80-710973ab71a2/ “We've gone from effectively a 0% interest rate environment in ZERP, where corporations borrowed for free and consumers borrowed for free, to now we have 8% mortgages.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 interest rates Gerstner lists specific consumer borrowing costs: 10% car loans and 20% credit cards. https://minutesof.com/q/94715e83-2cef-44c6-8bbf-662daec71e22/ https://minutesof.com/q/94715e83-2cef-44c6-8bbf-662daec71e22/ “We have 10% car loans. We have 20% credit cards. Student loans are about to kick in.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 interest rates Gerstner states a 1% change in interest rates causes 15-20% change in valuation multiples. https://minutesof.com/q/4d290681-0331-4424-8f28-5f37703b0250/ https://minutesof.com/q/4d290681-0331-4424-8f28-5f37703b0250/ “the iron law of investing is interest rates. A 1% change in rates leads to a 15 or 20% change in a multiple.” — All-In Podcast Mon, 23 May 2022 04:51:01 +0000 interest rates Gerstner calculates that 150 bps lower discount rates should add two to three turns to software multiples. https://minutesof.com/q/729c0b3e-080d-4004-8072-b161f297cea3/ https://minutesof.com/q/729c0b3e-080d-4004-8072-b161f297cea3/ “If I reduce my discount rate on any growth software company by 150 bps over the next ten years, the multiple will go up by two to three turns, right?” — Invest Like the Best Tue, 23 Jun 2020 09:30:00 +0000 interest rates