The Diff
Byrne Hobart
The Diff is a newsletter exploring the technologies, companies, and trends that are making the future high-variance. Posts range from in-depth company profiles, applied financial theory, strategy breakdowns and macroeconomics.
Episodes
Mentioned books
May 15, 2023 • 12min
Why Do Equities Build So Much Wealth?
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Why Do Equities Build So Much Wealth?
(07:36) - Efficient Markets
(08:15) - Logistics
(09:28) - Markups
(10:02) - The New Geography
(10:34) - Marking to Market
May 8, 2023 • 12min
The Relationship-Transactional-Relationship Business Cycle
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - The Relationship-Transactional-Relationship Business Cycle
(07:46) - Metrics at Twitter
(09:04) - Workarounds
(09:49) - Generative Ads
(10:14) - Elsewhere in AI
(10:55) - Banking
May 1, 2023 • 14min
SVB in Retrospect
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - SVB in Retrospect
(09:01) - And in Other Banking News
(10:05) - States See Like Big Tech
(11:17) - Aggressive Competition
(12:12) - Agglomeration and Sports
(13:02) - The Narrow Rally
Apr 24, 2023 • 12min
Why The Answer Is So Often Ads
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Why The Answer Is So Often Ads
(07:33) - Strategic Shutdowns
(08:11) - Verification, Ads, and Membership
(08:49) - The China Cap Table
(09:28) - Very Long-Term Investing
(10:46) - Branding a Bank
Apr 17, 2023 • 20min
Working with a Copilot
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Working with a Copilot
(11:59) - Catching Up
(14:09) - Private Capital
(15:35) - AI Regulation
(17:17) - AI Stocks
(19:04) - Cars and Interfaces
Apr 10, 2023 • 15min
Dueling Over Platforms
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Dueling Over Platforms
(09:46) - De-Googling
(10:17) - Reshoring
(11:53) - Attribution
(12:49) - Volatility
(13:18) - The State of AI Workers
Apr 3, 2023 • 13min
Bet-the-Company Ideas
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Bet-the-Company Ideas
(08:48) - The Universal Second Language
(09:31) - Asset and Liability Management in Sports
(10:37) - Light Contagion
(11:20) - Buying Status
(11:50) - Shutting Down Banks
Mar 27, 2023 • 22min
A Short 100-Question Diligence Checklist
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - A Short 100-Question Diligence Checklist
(17:51) - Bank Capital
(18:34) - Where Venture Funding is Squeezed
(19:13) - Free Shipping and Marginal Costs
(20:21) - Chinese Apps and Data Advantages
(21:21) - Many Funnels
Mar 20, 2023 • 15min
The Banks: What's Next?
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - The Banks: What's Next?
(09:27) - SVB's Incentives
(10:22) - Cross-Disciplines
(11:57) - Cable's Evolution
(12:29) - Training Your Replacement
(13:26) - Resources
Mar 13, 2023 • 18min
Financial Institutions and Franchise Value
This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.
(00:00) - Financial Institutions and Franchise Value
(09:03) - SVB Updates
(13:19) - Hit Economics
(13:56) - AI Costs
(14:44) - Lending Against Regulatory Uncertainty
(16:42) - AI Assistants
