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
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
Mar 6, 2023 • 28min
Airlines: Unit Economics, Served Four Ways
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) - Airlines: Unit Economics, Served Four Ways
(23:44) - High-Variance
(25:40) - Deadweight Loss
(26:17) - Managing Cash Flow
(27:06) - Twitter Shrinks
(27:30) - Generative AI
Feb 27, 2023 • 15min
Empiricism Disappears into the Black Box
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) - Empiricism Disappears into the Black Box
(09:22) - Back to Normal
(10:18) - Theoretical Profits
(11:04) - Ukraine and US Energy
(11:50) - "Altasia"
(12:32) - Rebirth of the Author
Feb 21, 2023 • 18min
Internal Software as a Competitive Advantage
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) - Internal Software as a Competitive Advantage
(11:48) - Copying
(13:08) - Performance
(14:18) - Un-IPO
(16:06) - Back to the Office
(16:51) - Why Private Equity?
Feb 13, 2023 • 14min
History Begins Again for Big Tech
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) - History Begins Again for Big Tech
(09:03) - Yachts, Taxes
(10:20) - Bad Ads
(10:52) - Investor Relations
(12:11) - Market Signals
(13:37) - More AI-in-the-Browser
Feb 6, 2023 • 13min
Companies and Entropy
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) - Companies and Entropy
(07:51) - Frontends All The Way Down
(09:13) - Alternative Data
(10:08) - Competition
(10:44) - Network Effects and IPO Listings
(11:44) - Decentralizing Twitter Revenue
Jan 30, 2023 • 17min
Equity as an Option on Future Reinvestment
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) - Equity as an Option on Future Reinvestment
(10:44) - Apple AR
(12:06) - Car Loans and Non-Stationary Distributions
(12:55) - Shorting
(14:04) - Working Capital
(14:43) - Acceleration
