People

The people on each side.

The investors, economists and analysts whose arguments The Buildout weighs, with what each argued, where, and when. Attributed and paraphrased; no scores, no rankings.

113 people · drawn from 17 stories

Steven Eisman

Steve Eisman

Steve Eisman is named in 13 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 4 (Voices that cross sides), Part 6 (Scarcity as a warning)…

In 13 parts

Cassandra Unchained

Michael Burry

Michael Burry is named in 12 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 1 (Manufactured), Part 3 (1999 capex plus 2008 credit), Part 6…

In 12 parts

HyperTech Invest

Daniel Romero

Daniel Romero is named in 10 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 6 (Scarcity as a moat), Part 8 (The cash has to triple), Part…

In 10 parts

Person

JunkBondInvestor

JunkBondInvestor is named in 10 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 2 (Voices that cross sides), Part 3 (Voices that cross…

In 10 parts

Person

Prof G Markets

Prof G Markets is named in 10 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper.

In 10 parts

Person

Ren

Ren is named in 10 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 6 (Scarcity as a moat), Part 8 (Real cash, real use), Part 9 (Eighteen…

In 10 parts

Potential Multibaggers

Kris

Kris is named in 9 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 1 (Insatiable), Part 1 (Voices that cross sides), Part 2 (Exit…

In 9 parts

Apollo

Torsten Slok

Torsten Slok is named in 9 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 8 (The cash has to triple), Part 9 (The inertia businesses)…

In 9 parts

Person

Kakashii

Kakashii is named in 8 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 2 (Exit liquidity), Part 6 (Scarcity as a warning), Part 8…

In 8 parts

Prof G Markets

Mia Silverio

Mia Silverio is named in 8 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 7 (A missing buyer), Part 9 (The owner of the agent), Part 10…

In 8 parts

Person

Market Sentiment

Market Sentiment is named in 7 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 3 (The borrowing is rational), Part 3 (Voices that cross…

In 7 parts

Person

Michael Spencer

Michael Spencer is named in 7 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 5 (Anthropic: not yet), Part 5 (OpenAI: commoditized), Part…

In 7 parts

Person

Aurelion Research

Aurelion Research is named in 6 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 8 (The spending pays), Part 11…

In 6 parts

Person

Gaetano

Gaetano is named in 6 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 6 (Scarcity as a warning), Part 8 (Real cash, real use), Part 11 (A…

In 6 parts

Person

Oguz Erkan

Oguz Erkan is named in 6 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 3 (The borrowing is rational), Part 3 (Voices that cross sides)…

In 6 parts

Behind the Balance Sheet

Stephen Clapham

Stephen Clapham is named in 6 Parts of The Buildout, most recently Part 9: Habit Was the Moat. Agents Are Draining It.. Argued in Part 7 (Debt: 99% of GDP, up from 35%), Part 9…

In 6 parts

Person

Tae Kim

Tae Kim is named in 6 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 9 (Eighteen months, or less), Part 9 (The inertia businesses), Part…

In 6 parts

Person

Ed Zitron

Ed Zitron is named in 5 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 8 (A closed loop).

In 5 parts

DeepValue Capital by Kyler

DeepValue Capital

DeepValue Capital is named in 4 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 15 (Oil stays out of the core).

In 4 parts

Person

Ed Elson

Ed Elson is named in 4 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 5 (Voices that cross sides), Part 14 (The bill has moved to debt)…

In 4 parts

Invest in Quality

Invest in Assets

Invest in Assets is named in 4 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 1 (Insatiable), Part 9 (Not every habit), Part 14 (The cash…

In 4 parts

Person

Jeremie Eliahou Ontiveros

Jeremie Eliahou Ontiveros is named in 4 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 2 (The number is real), Part 13 (The plant is…

In 4 parts

Person

Kevin

Kevin is named in 4 Parts of The Buildout, most recently Part 11: The Backlog Is Not the Quarter. Argued in Part 11 (A backlog is a promise).

In 4 parts

Person

Longriver

Longriver is named in 4 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 1 (Voices that cross sides), Part 12 (The frontier is still paid)…

In 4 parts

Person

SemiAnalysis

SemiAnalysis is named in 4 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper.

In 4 parts

Person

TSCS

TSCS is named in 4 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 7 (A missing buyer), Part 7 (Debt: 99% of GDP, up…

In 4 parts

Person

Vitaliy Katsenelson

Vitaliy Katsenelson is named in 4 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 3 (1999 capex plus 2008 credit)…

In 4 parts

Variant Perception

VP Research

VP Research is named in 4 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 15 (Oil stays out of the core).

In 4 parts

Person

Aswath Damodaran

Aswath Damodaran is named in 3 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper.

In 3 parts

a16z

David George

David George is named in 3 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 9 (Still a demo), Part 9 (The owner of the agent), Part 10…

In 3 parts

Organization

Edelbridge Alpha

Edelbridge Alpha is named in 3 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 6 (Scarcity as a moat), Part 11 (Shipping is not earning)…

In 3 parts

Person

First Pacific Advisors

First Pacific Advisors is named in 3 Parts of The Buildout, most recently Part 14: The Cash Arrives Unevenly. Argued in Part 4 (The return is not there), Part 14 (The buyers have…

In 3 parts

Person

Geo Chen

Geo Chen is named in 3 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 17 (The weak link pays first).

In 3 parts

Person

Harley Bassman

Harley Bassman is named in 3 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 14 (The cash still covers it), Part 15 (The two shocks…

In 3 parts

Person

Hugh Vuillier

Hugh Vuillier is named in 3 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 16 (Two labs carry the chain).

In 3 parts

Person

Jensen Huang

Jensen Huang is named in 3 Parts of The Buildout, most recently Part 12: The Model Is Not the Price.

In 3 parts

Person

Kevin Gee

Kevin Gee is named in 3 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 2 (Voices that cross sides), Part 4 (The return is not there)…

In 3 parts

Capital Wars

Michael Howell

Michael Howell is named in 3 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 7 (Growth: yields are catching up)…

In 3 parts

Person

Moses Sternstein

Moses Sternstein is named in 3 Parts of The Buildout, most recently Part 9: Habit Was the Moat. Agents Are Draining It.. Argued in Part 4 (The spending is defense), Part 9 (Still…

In 3 parts

Person

Quanta 72

Quanta 72 is named in 3 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 4 (The spending is defense), Part 17 (The cash flows cover it).

In 3 parts

Yet Another Value Blog

Andrew Walker

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…

In 2 parts

Person

Clark Tang

Clark Tang is named in 2 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 16 (The loan is a bridge).

In 2 parts

Person

Deborah Folloni

Deborah Folloni is named in 2 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 12 (Open weights set the price).

In 2 parts

Person

Distillate Capital Partners LLC

Distillate Capital Partners LLC is named in 2 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 12 (The filing sets the price), Part 16 (The…

In 2 parts

Person

Dylan Patel

Dylan Patel is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 14 (The bill has moved to debt), Part 14 (Voices that cross…

In 2 parts

Harris Associates L.P.

Harris Associates Oakmark

Harris Associates Oakmark is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 15 (The two shocks compound), Part 17 (The cash…

In 2 parts

Person

Hayden Capital

Hayden Capital is named in 2 Parts of The Buildout, most recently Part 14: The Cash Arrives Unevenly. Argued in Part 4 (Voices that cross sides).

In 2 parts

Person

Kingswell

Kingswell is named in 2 Parts of The Buildout, most recently Part 14: The Cash Arrives Unevenly. Argued in Part 13 (The load pays its way).

In 2 parts

Person

Leyla Kunimoto

Leyla Kunimoto is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date.

In 2 parts

Person

Massif Capital

Massif Capital is named in 2 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 5 (OpenAI: commoditized), Part 12 (Open weights set the…

In 2 parts

Person

Matthew C. Klein

Matthew C. Klein is named in 2 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 7 (Growth: yields are catching up)…

In 2 parts

Person

Michael W. Green

Michael W. Green is named in 2 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 7 (A missing buyer).

In 2 parts

Person

Sam Badri

Sam Badri is named in 2 Parts of The Buildout, most recently Part 11: The Backlog Is Not the Quarter.

In 2 parts

Person

Scott Galloway

Scott Galloway is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 17 (The lease is already debt).

In 2 parts

Person

Voss Capital

Voss Capital is named in 2 Parts of The Buildout, most recently Part 5: OpenAI and Anthropic Are Not the Same Business.

In 2 parts

Person

Warden Capital

Warden Capital is named in 2 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 4 (The return is not there).

In 2 parts

Person

Wyndo

Wyndo is named in 2 Parts of The Buildout, most recently Part 12: The Model Is Not the Price. Argued in Part 5 (Voices that cross sides), Part 12 (The frontier is still paid).

In 2 parts

Person

Abhi Yadav

Abhi Yadav is named in 1 Part of The Buildout, most recently Part 9: Habit Was the Moat. Agents Are Draining It..

The people on each side.

The week’s most consequential AI-economy questions, the evidence behind our view, and the next tests to watch.