The Meb Faber Show - Better Investing Brad Gerstner on The AI Supercycle, Invest America & Stock Compensation | #551
15 snips
Oct 4, 2024 
Brad Gerstner, Founder and CIO of Altimeter Capital, shares his journey in technology investments. He dives into the AI supercycle, discussing its potential impact on both enterprise and consumer tech. Gerstner emphasizes the importance of financial literacy for children through his Invest America initiative, advocating for investment accounts to empower the next generation. He also highlights the challenges of stock compensation and the need for transparency in the tech industry, urging collective action for a financially educated youth.
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First Investments
- Meb Faber's first investment was likely E-Trade, fueled by the late 90s tech bubble.
- Brad Gerstner's first investment was in IBM, influenced by Lou Gerstner's turnaround efforts.
Long-Term Conviction
- Brad Gerstner emphasizes a long-term, high-conviction approach to investing, prioritizing qualitative insights over short-term market fluctuations.
- He highlights the importance of understanding a company's competitive advantages and the power of compounding.
Meta Turnaround
- In 2022, Brad Gerstner wrote an open letter to Meta, urging them to streamline operations and adapt to post-pandemic realities.
- Meta's successful turnaround, including significant job cuts and improved earnings, led to a substantial stock price increase.