{
  "generatedAt": "2026-10-22T04:12:33Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "andrew-walker",
  "name": "Andrew Walker",
  "role": "Yet Another Value Blog",
  "url": "https://deepstack.ltd/people/andrew-walker/",
  "api": "https://deepstack.ltd/api/v1/entities/people/andrew-walker.json",
  "summary": "Andrew Walker is named in 2 Parts of The Buildout, most recently Part 9: Habit Was the Moat. Agents Are Draining It.. Argued in Part 9 (Eighteen months, or less), Part 9 (Not every habit), Part 9 (The inertia businesses), Part 9 (Voices that cross sides).",
  "parts": [
    {
      "part": 7,
      "headline": "The Fed Hiked. The Long End Still Climbed.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 9,
      "headline": "Habit Was the Moat. Agents Are Draining It.",
      "url": "https://deepstack.ltd/stories/habit-was-the-moat/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 7,
      "section": "AI meets the rate",
      "excerpt": "Andrew Walker of Yet Another Value Blog notes that companies locked fixed-rate debt between 2021 and 2023, flattering today’s cash flow.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 9,
      "section": "The first bill",
      "excerpt": "Andrew Walker of Yet Another Value Blog is the useful witness because he changed his mind in public.",
      "url": "https://deepstack.ltd/stories/habit-was-the-moat/"
    }
  ],
  "sides": [
    {
      "part": 9,
      "question": null,
      "side": "eighteen-months",
      "sideLabel": "Eighteen months, or less",
      "claim": "Faced with two extreme camps on consumer AI agents (that they are massively overhyped versus that every consumer-facing company is a short because agents will eat their margins), Andrew Walker says both are too extreme but if forced to pick, they…",
      "date": "2026-09-28",
      "url": "https://www.yetanothervalueblog.com/p/before-you-fade-muse-use-it-for-72",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": null,
      "side": "eighteen-months",
      "sideLabel": "Eighteen months, or less",
      "claim": "AI agents make price-shopping and replacing skilled workers (e.g., using AI to edit a podcast instead of a consultant) easy, and if saving money is the core consumer use case for AI, this could have a deflationary impact on the consumer economy at…",
      "date": "2026-09-21",
      "url": "https://www.yetanothervalueblog.com/p/if-muse-is-buying-your-running-shoes",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "Andrew Walker says they cannot watch how easy Muse is to use and how fast its downloads have taken off and conclude it won't have a big impact on the consumer economy.",
      "date": "2026-09-28",
      "url": "https://www.yetanothervalueblog.com/p/before-you-fade-muse-use-it-for-72",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "Andrew Walker suggests that Muse acting as a layer that decides where consumer spend goes is a massive threat and opportunity for retailers, noting as evidence that Amazon banned Muse.",
      "date": "2026-09-28",
      "url": "https://www.yetanothervalueblog.com/p/before-you-fade-muse-use-it-for-72",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "inertia-businesses",
      "sideLabel": "The inertia businesses",
      "claim": "Craneware's customer base of established US hospitals is likely highly resistant to replacing entrenched software systems, making the business unlikely to be disrupted by AI coding tools.",
      "date": "2026-09-11",
      "url": "https://www.yetanothervalueblog.com/p/uk-stocks-are-dirt-cheap-why-wont",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "inertia-businesses",
      "sideLabel": "The inertia businesses",
      "claim": "The major current use case for consumer AI agents appears to be saving people money, as illustrated by widely retweeted examples of an agent called Muse saving users money on insurance, returns, phone bills, and even getting free food.",
      "date": "2026-09-21",
      "url": "https://www.yetanothervalueblog.com/p/if-muse-is-buying-your-running-shoes",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "not-every-habit",
      "sideLabel": "Not every habit",
      "claim": "Andrew Walker's market-related takeaway is that Muse (a consumer AI agent) is very bearish for businesses that rely on consumer inertia (OTAs, subscription services, banks, etc.), and the stock market seems to be starting to agree with and catch up…",
      "date": "2026-09-24",
      "url": "https://www.yetanothervalueblog.com/p/musings-on-muse-the-inertia-sell",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "not-every-habit",
      "sideLabel": "Not every habit",
      "claim": "Based on conversations with 'normie' friends (a possibly small/early sample), most people who get access to Muse, including Andrew Walker himself, have an early productivity burst that fades off hard as usage falls off a cliff within a few days.",
      "date": "2026-09-24",
      "url": "https://www.yetanothervalueblog.com/p/musings-on-muse-the-inertia-sell",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}