https://minutesof.com/on/positioning/ Everyone on the record about positioning: 33 verbatim quotes from 5 people, March 2017 to May 2026, in one chronology, each with a timestamp and a link to… en Sun, 30 Aug 2026 22:33:09 +0000 https://minutesof.com/q/9a463885-24f2-43d3-9479-fb352cad111c/ https://minutesof.com/q/9a463885-24f2-43d3-9479-fb352cad111c/ “I've been hanging on to the memory stocks for dear life. And yeah, but that's that's a that that's been a lifelong journey” — Gavin Baker, Sohn Conference Foundation Fri, 15 May 2026 18:17:41 +0000 positioning https://minutesof.com/q/c6156ffa-f22e-4097-ae9a-ddfb0a440622/ https://minutesof.com/q/c6156ffa-f22e-4097-ae9a-ddfb0a440622/ “yeah, I mean, it took me forever to realize that some of the best venture capitalists have this missed list and the reason they have the missed list is because they're really effective at putting themselves in the right position to have the opportunity, which is a prerequisite to actually making the great investments.” — Bill Gurley, School of Hard Knocks Podcast Thu, 26 Mar 2026 21:34:25 +0000 positioning https://minutesof.com/q/f173097e-ac50-4e46-9190-b609c012daa2/ https://minutesof.com/q/f173097e-ac50-4e46-9190-b609c012daa2/ “Dave Swenson used my favorite two word phrase that good investing requires the adoption of uncomfortably idiosyncratic positions.” — Howard Marks, Brookfield Mon, 23 Feb 2026 18:35:50 +0000 positioning https://minutesof.com/q/92f89f1d-c9d3-4011-950d-442852b23b38/ https://minutesof.com/q/92f89f1d-c9d3-4011-950d-442852b23b38/ “I I we're having a really good year, and I'm so miserable for having a really good year. Because I still own the market, and I can't stand that I own the market.” — David Tepper, CNBC Television Thu, 18 Sep 2025 14:00:10 +0000 positioning https://minutesof.com/q/7f827c56-7d08-4969-9c65-38317fd5f6f5/ https://minutesof.com/q/7f827c56-7d08-4969-9c65-38317fd5f6f5/ “I do own NVIDIA, but I go back and forth and back and forth a little bit, because I do, you know, I will trade a little bit.” — David Tepper, CNBC Television Thu, 18 Sep 2025 14:00:10 +0000 positioning https://minutesof.com/q/774780b5-935f-44a0-9575-8d749e76b28f/ https://minutesof.com/q/774780b5-935f-44a0-9575-8d749e76b28f/ “The big stocks are not cheap. I mean, so you don't have cheapness here, but you do have a constructive you know, like, you know, I'm not fighting the Fed.” — David Tepper, CNBC Television Thu, 18 Sep 2025 13:39:12 +0000 positioning https://minutesof.com/q/be7afe27-0406-451e-91b9-b5e22023b0d9/ https://minutesof.com/q/be7afe27-0406-451e-91b9-b5e22023b0d9/ “I'm constructive because of the easing right now, but I'm also miserable because of the levels.” — David Tepper, CNBC Television Thu, 18 Sep 2025 13:39:12 +0000 positioning https://minutesof.com/q/411063b5-256e-4121-8b1a-ca67ceaf5cf6/ https://minutesof.com/q/411063b5-256e-4121-8b1a-ca67ceaf5cf6/ “I don't love the the 25% or the 50% tariffs. I think they're a little bit destructive.” — David Tepper, CNBC Television Thu, 18 Sep 2025 13:39:12 +0000 positioning https://minutesof.com/q/c1179fba-4e66-4b11-8d34-152c46ef7ff9/ https://minutesof.com/q/c1179fba-4e66-4b11-8d34-152c46ef7ff9/ “I don't think another ease matters, you know, as far as being too easy. This is gonna be a little bit restrictive.” — David Tepper, CNBC Television Thu, 18 Sep 2025 13:39:12 +0000 positioning https://minutesof.com/q/862a1cf4-455c-4b61-b579-c473ef90b49f/ https://minutesof.com/q/862a1cf4-455c-4b61-b579-c473ef90b49f/ “I I I kinda like NVIDIA, the price. Okay? So don't get me wrong. I I I could just love it.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/dfd0fc7f-cedd-4b4f-ade9-dc6ff4d80e4f/ https://minutesof.com/q/dfd0fc7f-cedd-4b4f-ade9-dc6ff4d80e4f/ “So if it gets surprised, that could be a problem for the markets. But as long as it's a split, the market's gonna be fine.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/7f0a35e9-f1e7-435b-98d1-b9c2a267aca7/ https://minutesof.com/q/7f0a35e9-f1e7-435b-98d1-b9c2a267aca7/ “But from a from this market perspective, an economic perspective, what's good for the economy, I wanna split government. And I don't want all Democrats, and I don't want all Republicans.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/4df41b6f-61dc-4954-b90b-a2d3ba22381a/ https://minutesof.com/q/4df41b6f-61dc-4954-b90b-a2d3ba22381a/ “I am a big proponent of split government. And right now, as you're more than aware of Yep. It looks like the senate is, republican and the house is democratic, and I'm loving life.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/825530b7-5126-4f98-9968-9107db4dc974/ https://minutesof.com/q/825530b7-5126-4f98-9968-9107db4dc974/ “It has to be if you're gonna meet these power needs of what they need for AI, you're gonna have to use natural gas.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/8dbe86d0-3a9f-4b95-b3a3-b6009787f96e/ https://minutesof.com/q/8dbe86d0-3a9f-4b95-b3a3-b6009787f96e/ “I have no idea in '26 and '27. I am no idea. Okay? I mean, as if I was but I don't believe I don't believe my analysts.” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:48:15 +0000 positioning https://minutesof.com/q/4db361d8-0fec-4698-86c1-5c462c70540a/ https://minutesof.com/q/4db361d8-0fec-4698-86c1-5c462c70540a/ “If you look what happens, if China runs and they get the economy going and you get the animal spirits going, what happens?” — David Tepper, CNBC Television Thu, 26 Sep 2024 13:30:27 +0000 positioning https://minutesof.com/q/6118b905-7668-440d-a17b-7da597a4960c/ https://minutesof.com/q/6118b905-7668-440d-a17b-7da597a4960c/ “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” — Brad Gerstner, CNBC Television Tue, 11 Jun 2024 16:52:46 +0000 positioning https://minutesof.com/q/3f5e9eaf-2c7f-48f8-b0bc-58f4e721ceb3/ https://minutesof.com/q/3f5e9eaf-2c7f-48f8-b0bc-58f4e721ceb3/ “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, BG2 Pod Thu, 16 May 2024 19:31:21 +0000 positioning https://minutesof.com/q/f6a66f50-d08c-4d95-bed6-8836c265720e/ https://minutesof.com/q/f6a66f50-d08c-4d95-bed6-8836c265720e/ “I would probably say I'm leaning short on the equity markets, you know, so right now, because I think they're, you know, I think the upside downside just doesn't make sense to me when I have so many people telling me, so many central banks telling me what they're going to do,” — David Tepper, CNBC Television Thu, 22 Dec 2022 14:39:54 +0000 positioning https://minutesof.com/q/3fa0c76b-0af2-493d-8fdf-86045861df20/ https://minutesof.com/q/3fa0c76b-0af2-493d-8fdf-86045861df20/ “But for me as a hedge fund manager, I'm going to lean short. You know, I'll be short bonds and I'm not a great, I'm like generally an optimist.” — David Tepper, CNBC Television Thu, 22 Dec 2022 14:39:54 +0000 positioning https://minutesof.com/q/af849a9b-849e-47dc-afbb-3ad103db13c2/ https://minutesof.com/q/af849a9b-849e-47dc-afbb-3ad103db13c2/ “I mean, we don't have coordinated tightening around the whole world and everybody tightening at the same time too often. You just don't. And I don't have people telling me they're gonna go further tightening.” — David Tepper, CNBC Television Thu, 22 Dec 2022 14:39:54 +0000 positioning https://minutesof.com/q/af8caea7-2f48-42d7-9544-2de012202e2f/ https://minutesof.com/q/af8caea7-2f48-42d7-9544-2de012202e2f/ “Everybody has the same influences, everybody thinks pretty much the same, everybody anoints the same winners and criticizes the same losers, and obviously tomorrow's winners are usually found on the pile of today's losers,” — Howard Marks, Goldman Sachs Thu, 30 Jun 2022 15:18:25 +0000 positioning https://minutesof.com/q/a9dc95b1-7ffc-46e4-80cf-a5ca62854a44/ https://minutesof.com/q/a9dc95b1-7ffc-46e4-80cf-a5ca62854a44/ “Machines, to compete against machines, which there's a lot of machine finance. The machines are doing shitty this year.” — David Tepper, B.E.S.T. Sun, 06 May 2018 00:11:47 +0000 positioning https://minutesof.com/q/05e3e728-8ed3-445f-bf17-5521e85ca9b4/ https://minutesof.com/q/05e3e728-8ed3-445f-bf17-5521e85ca9b4/ “And it really has to do with interest rates. I'm not sure we're right on the cusp of breaking out on interest rates at this level, around 3%.” — David Tepper, B.E.S.T. Sun, 06 May 2018 00:11:47 +0000 positioning https://minutesof.com/q/e8cbd0a1-8d8e-4dac-be1c-09f8920902fb/ https://minutesof.com/q/e8cbd0a1-8d8e-4dac-be1c-09f8920902fb/ “So I'm sure that the Fed funds odds are going up as we're speaking, and there's a better chance that they'll go three times more this year than two times more this year.” — David Tepper, CNBC Wed, 08 Mar 2017 14:54:29 +0000 positioning https://minutesof.com/q/6189f751-8749-45d7-9b65-31972b90d57c/ https://minutesof.com/q/6189f751-8749-45d7-9b65-31972b90d57c/ “You're gonna bet against these tax things. You're gonna bet against the French election. You better be you better be ready, and the market has to get ready for June increase Yeah.” — David Tepper, CNBC Wed, 08 Mar 2017 14:54:29 +0000 positioning https://minutesof.com/q/04c05440-5395-4483-a483-d9887cc1c26e/ https://minutesof.com/q/04c05440-5395-4483-a483-d9887cc1c26e/ “It's not wrong if there's no tax cuts necessarily. Certainly, if the French election goes the wrong way, not wrong. Not wrong. But it's gonna be dead freaking wrong.” — David Tepper, CNBC Wed, 08 Mar 2017 14:54:29 +0000 positioning https://minutesof.com/q/9f97d492-6442-4baf-bf65-ae05a69042a4/ https://minutesof.com/q/9f97d492-6442-4baf-bf65-ae05a69042a4/ “I'm saying I think the long run with in a deregulatory could be a quarter half point higher.” — David Tepper, CNBC Wed, 08 Mar 2017 14:54:29 +0000 positioning https://minutesof.com/q/17cb36c3-dbaa-4131-b502-083b90d9de27/ https://minutesof.com/q/17cb36c3-dbaa-4131-b502-083b90d9de27/ “If you're a small business, you there's nothing negative on the horizon. Nothing. What's negative? They're gonna give you less regulations for Obamacare. They're gonna give you a tax cut.” — David Tepper, CNBC Wed, 08 Mar 2017 14:54:29 +0000 positioning https://minutesof.com/q/1c2d05ba-239f-4e5c-97c6-9ced16def301/ https://minutesof.com/q/1c2d05ba-239f-4e5c-97c6-9ced16def301/ “Some days I say it's really cheap. I should buy more. And some days I don't know why the heck I look at” — David Tepper, CNBC Wed, 08 Mar 2017 14:49:52 +0000 positioning https://minutesof.com/q/e9dd90de-7c7b-4fac-b4a9-f78493dc11b2/ https://minutesof.com/q/e9dd90de-7c7b-4fac-b4a9-f78493dc11b2/ “If it went to 500, I wouldn't own a share. So, not suggesting it's going to 500,” — David Tepper, CNBC Wed, 08 Mar 2017 14:49:52 +0000 positioning https://minutesof.com/q/c76f458c-d640-4d50-9fd3-6ad66bf67f6e/ https://minutesof.com/q/c76f458c-d640-4d50-9fd3-6ad66bf67f6e/ “the multiples were too low, and they put for some reason because it was tied in somehow with the valiant, you know, the nonsense with valiant.” — David Tepper, CNBC Wed, 08 Mar 2017 14:49:52 +0000 positioning https://minutesof.com/q/e6e7d1a3-d380-4bfb-8fe7-4b6f6dacea25/ https://minutesof.com/q/e6e7d1a3-d380-4bfb-8fe7-4b6f6dacea25/ “It's not affected by, regulation, that part of the business, the aesthetics business. So we thought that part of the business getting, you know, taken down with everything else was just absolutely crazy.” — David Tepper, CNBC Wed, 08 Mar 2017 14:49:52 +0000 positioning