Brad Gerstner

Let's move on to Mondami.

I want to read you something from Morgan Stanley this week on this question of are the job losses caused by AI or are they caused by something else?

And the title of this section is Flatter is Faster.

It says, you know, the cynical take has always been that this just wouldn't last, that companies wouldn't be able to maintain this level of discipline, and that they were doomed to repeat the mistakes of the past.

It's never different this time, as they say.

But the cynical take seems wrong again.

And the number of examples of companies that have adopted this mindset, culture, behavior of efficiency and getting fit appears to be growing quarterly.

Guess what?

It's cool to have fat margins, no debt, maximum flexibility, and be efficient and more faster.

Credit to Ashton Curtis.

But they're saying, you know, they're out there talking to the companies.

I'm not saying that there's no AI effect.

But the idea that you're gonna hang all of these layoffs on AI, I just think- I would never hang them all on AI.

I think there's- If you're a CEO- Hold on, I'm gonna be very clear here.

I am not hanging them all on AI.

I'm saying for the young folks, that's what I suspect is happening there.

For the existing posts, I do agree that they're all getting rid of excess fat and they want to be a leader and they want to juice their earnings.

Those are two different things.

Okay, now let's go on to Mondami because it's getting boring.

We're starting to circle here.