Brad Gerstner: belief

Transcript context

…That moment in time, did you have some insight that you felt nobody else had at that moment or was it the right time? Like how? A few things. Number one, I did have confidence that I was a decent investor. We worked really hard. We're blue collar. There were different ways to prosecute the strategy. I think there are some people who work the cocktail circuit. Were anthropologists about where things were going and what was going to be big. At the time, there was a lot of pessimism, frankly, about cloud computing. Salesforce had some quarters where they saw more deceleration than people thought. There were really these obstacles. One was the cost of compute in the cloud versus the cost in a data center. But the big one was this perception that I'll never put my customers' data in the cloud. It was really a security issue. Which then, like let's just review history. Everyone that decided that was not a tech company, that they needed to maintain an on-prem data center, got hacked and leaked customer data or lots of them. And everyone who shifted to the cloud, do we really trust Microsoft and Amazon? They're pretty good at that. That was a good decision.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.