Who is on this subjectordered by the date of their first quote here
7 of 8 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 4 Feb 2026 — a date, and nothing else. It is not a claim about who reached a view first.
-
David Friedberg
3
thin
15 Mar 2020 – 30 Apr 2023
-2152 d
-
Brad Gerstner
10
27 Oct 2020 – 4 May 2026
-1926 d
-
Marc Rowan
3
thin
9 Apr 2025 – 10 Dec 2025
-301 d
- Jensen Huang 1 thin 4 Feb 2026 – 4 Feb 2026 +0 d
-
Bill Gurley
4
thin
12 Feb 2026 – 23 Apr 2026
+8 d
- David Sacks 2 thin 1 Aug 2026 – 1 Aug 2026 +178 d
-
Kevin Warsh
2
thin
28 Aug 2026 – 28 Aug 2026
+205 d
- John Williams 2 thin
The chronologysourced and dated, oldest first
-
-
David Friedberg
Friedberg compares market retracements: 1987 saw 33%, 2000 saw 47%, 2008 saw 56%, but we're only 20% into this one.
“1987, we saw 33% retracement. 2000, we saw 47%. 2008, we saw 56% and we're only 20 into this one.”
-
David Friedberg
Friedberg admits he was wrong about plant-based meat, having bet against companies because he thought consumers needed cheaper prices.
“I didn't bet against them, but I chose not to bet for them because I made the argument consumers will only buy stuff that's cheaper and taste as good, and I was wrong.”
-
Brad Gerstner
Gerstner reports Altimeter's software index expanded from 11x to 14.5x and internet index from 23x to 33x.
“I feel obliged to do that. We started the year in our gross software index at 11 times. Now we're at about 14 and a half times two year forward.”
-
Brad Gerstner
Gerstner reports software multiples expanded from 11x to 14.5x and internet from 23x to 33x in 2020.
“We started the year in our gross software index at 11 times. Now we're at about 14 and a half times two year forward.”
-
Brad Gerstner
Gerstner notes internet multiples expanded from 23x to 33x in 2020, mirroring 2018 Q4 contraction without COVID.
“If you look at the multiple expansion that's occurred, it's almost the identical mirror image of the multiple contraction that occurred in the fall of twenty eighteen. In Q4 twenty eighteen, we didn't have COVID.”
-
Brad Gerstner
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.”
-
-
-
Brad Gerstner
Gerstner expects more multiple compression in public markets over next three months despite Tiger's activity.
“You can believe the next three months that we're likely to have more multiple compression in the public markets. Right?”
-
-
-
David Friedberg
Friedberg states two-thirds of post-COVID IPOs now trade below total cash raised.
“I think two thirds of the companies that went public since COVID are trading at less than the cash they raised to date as public companies now.”
-
-
-
“He said to me, the IPO market is slow in volume terms for lack of supply, not lack of demand. And I've been making this case that the IPO window is wide open.”
-
Brad Gerstner
Gerstner warns Nasdaq at all-time high amid slowing economy, light earnings, and AI disruption.
“And the backdrop is that the economy is slowing, earnings are coming in lighter than people expected, and AI is creating more disruption, creating more uncertainty than we expected.”
-
-
-
Brad Gerstner
Gerstner explains recent market decline as rising uncertainty increasing discount rates and compressing multiples.
“When uncertainty goes up, discount rates go up, risk premiums go up, multiples come down, markets come down. That's that's the explanation for the last four weeks in the market.”
-
Brad Gerstner
Gerstner argues successful government austerity means short-term pain for markets by withdrawing liquidity from economy.
“I think ironically, what people are not yet bracing for is that the success of austerity, the success of balancing the budget, the success of Doge, likely means short term pain for markets.”
-
Marc Rowan
Rowan dismisses disappointment from investors who expected a God-given right to 11% annual returns.
“Those people who are tied to asset prices who thought we were had a God given right that everything move up at 11% annually are disappointed.”
-
Marc Rowan
Rowan sees US moving from hyperexceptionalism to merely exceptional, though alternatives could emerge over time.
“What I've said is I see us moving from what was hyperexceptionalism to merely exceptional because I don't think there are good alternatives to The US today, but that can change over time.”
-
Marc Rowan
Rowan observes yield curve steepening with ten-year rates rising despite lower short rates.
“And what we're seeing is a steepening of the yield curve. Rates that matter, the ten year, are higher even if short rates are lower.”
-
-
-
Jensen Huang
Huang calls the notion that AI will replace software tools illogical, despite software stock pressure.
“There's this notion that the tool in this the software industry is in decline and will be replaced by AI.”
-
Bill Gurley
Gurley argues citizens mistakenly believe IPOs work like direct listings with price-based allocation.
“I think they think a bunch of people put orders in, you sort them based on who's willing to pay the highest price”
-
Bill Gurley
Gurley says IPO bankers hand-pick price and allocations, creating expected pops as one-day giveaways to clients.
“And for the past twenty five, thirty years, you have these pops that have become expected, I would say. And it's a one day giveaway to their clients.”
-
Bill Gurley
Gurley explains tech valuations depend on terminal value, so existential concerns collapse price-to-earnings multiples dramatically.
“for most of these high-tech companies, the next five years cash flow are a fraction of their actual market cap, which means all the values in the terminal value.”
-
Bill Gurley
Gurley says he is seeing the most risk seeking venture capital behavior he has ever seen in his entire life.
“You would have a hard time convincing me that risk capital is in shortage in America right now. I'm seeing the most risk seeking venture capital behavior I've ever seen in my entire life.”
-
Brad Gerstner
Gerstner warns $120 oil will hurt markets if Iran situation isn't resolved in three to four months.
“A $120 oil will take its toll on the market if we don't solve that over the course of the next three to four months.”
-
David Sacks
Sacks argues the chip stock correction is momentum-driven, noting a 10x run-up in memory chips over the past year.
“Meaning that over the past year, you've had this roughly 10 x run up in memory chip stocks, and you've seen this overall huge rise in any stock that's related to the AI boom.”
-
David Sacks
Sacks notes Nasdaq fell 10% from peak while momentum trades dropped 30-40%, showing amplified correction.
“I think there was something like a 10% pullback in the Nasdaq from the peak. But when you look at this momentum trade, was down like 30% or 40%.”
-
Kevin Warsh
Warsh notes profit margins are quite elevated relative to history with low equity volatility.
“he says profit margins are quite elevated related to history and overall equity market, the volatility is low.”
-
Kevin Warsh
Warsh observes profit margins are elevated relative to history and equity volatility is low.
“profit margins are quite elevated related to history and overall equity market, the volatility is low.”
-
-
-
John Williams
Williams describes unusual April 2025 dollar depreciation alongside rising Treasury yields and falling equities.
“Amid elevated uncertainty in U.S. trade policy last April, we observed unusual price action: the dollar depreciated while Treasury yields rose and equities declined.”
-
John Williams
Williams says recent evidence suggests hedging activity driving dollar weakness may have plateaued.
“Recent evidence suggests this hedging activity may have plateaued, but it reinforces the need for consistent engagement with market participants to better understand shifts in trading activity that can have broader implications for the value of a currency and the FX market in general.”
-
Where they overlapsame programme, same subject
- All-In Podcast also carries Brad Gerstner, David Friedberg and David Sacks on this subject, at different times.
- CNBC Television also carries Brad Gerstner and Marc Rowan on this subject, at different times.