Gerstner advises managing portfolios in three sizes: small, medium, and large position allocations.
“A simple heuristic for the people watching at home, think about a sigh think about managing your portfolio in three sizes, small, medium, and large.”
Gerstner tells some portfolio companies to shut down because AI opportunities are too big to miss.
“And I'm sorry if not everybody agrees here, but I'm saying to some of my companies, this is too important a time. The opportunities are too big, right?”
Gerstner says Altimeter's peak exposure to major tech stocks was 70% and they've taken almost half off.
“Altimeter's peak exposure to these names was about 70% over the course of the last twelve months. So we had 70% of our dollars at one point in time in these names.”
Gerstner says his hedge fund is running 60% net long exposure despite bullish AI view.
“Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk”