Brad Gerstner
👤 SpeakerAppearances Over Time
Podcast Appearances
So we've had some pretty massive moves.
And I think you have to reflect on where we are
And we used to do this on market checks when I was on.
And you say, where is Altimeter?
And so early in the year, we were worried about tariffs.
Altimeter was positioned small, right?
By May, we thought they would land the plane with the best in consensus on trade.
We'd get the big, beautiful bill passed.
And we went to kind of extra large positioning.
And we've been there most of the year.
And so now we're back to kind of Chamath just nailed it.
You know, we're back to kind of medium, medium, small positioning in the market.
And I'll walk through a couple of slides as to the reasoning for that.
Maybe we can kick it around a little bit.
The first one is just there's growing signs.
You know, the consumer is pulling back.
And, you know, you heard it out of Chipotle.
You heard it out of Kava.
You heard it out of NCO.
You heard it out of JetBlue.