Matt Harris

From @mgharris34 on @backtestpodcast: "...customers don't buy your core technology all by itself. They buy the complete solution. They buy the outcome that they actually want. And Richard Trevithick is a great example of this. You know, he built a great locomotive prototype, but didn't have the rails that could support it. Iron technology hadn't caught up. So he just, didn't have the total product and George Stephenson did just about 20 years later. And you see this over and over again with major technological revolutions." As true today as it was in the early 1800s... x.com/johnarnold/sta…

The AI buildout has one historical analog. Not the internet. Not electricity. Rail. @backtestpodcast just launched a series on it. Episode 1: how rail technology broke through. podcasts.apple.com/ca/podcast/the…

Live now!

@backtestpodcast in the Bay!

@dnlgmb @backtestpodcast Link to episode 1 of @backtestpodcast's Shale Revolution series: podcasts.apple.com/ca/podcast/the…

Hard to overstate and I stand by what @mgharris34 and I said in our @backtestpodcast shale revolution series Probably the most underappreciated technological revolution in history x.com/Bob_McNally/st…

At @backtestpodcast we go deep studying market history before distilling everything into character driven stories. 80s on Wall Street book club below.

Another must-read memo from @HowardMarksBook for the @Backtest community. Definitely put this at the top of the stack and a great reminder of how the lessons of market history apply today.

Live now!

Another must read memo from @HowardMarksBook Read that, then go listen to the 80s on Wall Street series on @backtestpodcast x.com/Oaktree/status…

This was so fun to read alongside @backtestpodcast's episode on how Marks and Karsh navigated the '89 - '91 credit crisis. Great work @GregObenshain of @verdadcap - keep 'em coming! mailchi.mp/verdadcap/echo…

The final episode of @backtestpodcast’s 80s on Wall Street is live What started with an insight that sparked a boom eventually led to a wave of restructurings in 1990 and 1991 Two investors were ready for it: Howard Marks and Bruce Karsh

Links to Spotify, Apple, or wherever you listen 👇 pod.link/1804930090/epi…

Backtest episode drop alert! Listen in to hear the story of how the legend of Howard Marks and Bruce Karsh was forged in the refining fire of the third greatest credit crisis in modern history. Link below. 👇 backtestpodcast.com/p/the-80s-on-w…

Great piece by @GregObenshain of @verdadcap comparing the end of the junk bond cycle in 1990-1991 to what's happening in private credit mailchi.mp/verdadcap/echo…

@Bob_McNally describes the second order effects we're likely to see after the closing of the Strait of Hormuz

The new @backtestpodcast t-shirts are here! Coming soon to a college campus (or guest mailbox) near you 📈

The market was underestimating Hormuz Variant perceptions and load-bearing assumptions with @Bob_McNally

Highly recommend today's Odd Lots episode with Bob Brackett on natural gas with @TheStalwart and @tracyalloway It's a great pairing with Tuesday's episode from @backtestpodcast with @Bob_McNally x.com/backtestpodcas…

The history of oil markets since 1955 in one chart If you know what to look for, you can see the swing producer transition from Texas to Saudi Arabia, the rise of China, the effects of shale oil coming online, the COVID pandemic…