CNBC Television
“There's gonna be a lot of alpha. This is a stock pickers market. This is not a market just to own the index and go to sleep.”
Gerstner argues normalized valuations mean 2024 won't match easy returns of early 2023.
“So that's the big thing. The world is normalized. Multiples have normalized. It's not gonna be as easy as it was at the start of '23.”