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
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
Jan 23, 2023 • 12min
Where Fraud Lives and Why
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) - Where Fraud Lives and Why
(07:21) - Segmented Markets
(08:33) - Apple the Outlier
(09:28) - Outsourcing
(10:26) - Working as Intended
(11:10) - Headcount
Jan 17, 2023 • 14min
In a Stable Career Track, Where Does the Risk Go?
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) - In a Stable Career Track, Where Does the Risk Go?
(09:05) - A Word From Our Sponsors
(09:48) - AI Lobbying
(10:34) - Fraud and Credit
(11:36) - How Markets Clear
(12:35) - Deglobalization in Miniature
(13:08) - Crypto Exchanges and Airdrops
Jan 9, 2023 • 21min
Is AI More VBA or Steel?
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) - Is AI More VBA or Steel?
(15:12) - Formalizing an Economy
(16:02) - Shoplifting
(16:51) - Plane Shortage
(17:54) - Mastodon Metrics
(19:02) - The Mystery of the UAE Holding Company
Jan 3, 2023 • 14min
Closing Industry Frontiers
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) - Closing Industry Frontiers
(07:23) - A Word From Our Sponsors
(07:38) - The Slow Move to Subscriptions
(08:58) - TINA Trades
(11:03) - Geoengineering
(11:58) - Warning Signs
(13:07) - Elasticity in Electricity
