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
Jun 13, 2022 • 16min
Clean Trades and Dirty Hedges
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) - Clean Trades and Dirty Hedges
(09:49) - A Word From Our Sponsors
(10:27) - Cash as Cosmetics
(11:58) - Two Inflations
(12:46) - AI
(14:26) - Offline-to-Online
(14:59) - Starlink
Jun 6, 2022 • 19min
Valuation Metrics: A Cross-Examination
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) - Valuation Metrics: A Cross-Examination
(15:20) - What's Still Fundable (Con't.)
(16:09) - ESG and Measurement
(16:49) - Sentiment Tracking
(17:54) - Volatility
May 31, 2022 • 22min
AWS for Industry, But Better: The Railroad Investment Case
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) - AWS for Industry, But Better: The Railroad Investment Case
(18:21) - Smart Margin
(19:55) - Peak College?
(20:23) - Two-Sided Markets
(21:01) - Bonds
May 23, 2022 • 20min
Snap: The Relentless Quest to Own the Interface
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) - Snap: The Relentless Quest to Own the Interface
(13:55) - Media Convergence
(14:50) - What's Still Fundable
(16:03) - The Piracy Continuum
(16:48) - Crypto Relearns Regulation
(18:28) - Shrinking Alpha
May 16, 2022 • 17min
$1 Trillion Worth of Risky Loans Packaged Into Highly-Rated Securities is not the End of the World
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) - $1 Trillion Worth of Risky Loans Packaged Into Highly-Rated Securities is not the End of the World
(12:42) - Netflix's Explore/Exploit Strategy
(14:34) - EVs and Platforms
(15:16) - Third-Party Sellers
(16:20) - An Entrepreneurial Country
May 9, 2022 • 28min
Buy Now, Pain Later?
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) - Buy Now, Pain Later?
(24:36) - TikTok
(25:36) - Factors
(26:24) - Replacing Passwords, and a Big Tech Truce
(27:05) - Solve for the Disequilibrium
May 2, 2022 • 14min
Cars Manufacture the Modern Middle Class
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) - Cars Manufacture the Modern Middle Class
(08:27) - Not Enough Housing
(09:24) - Durable Network Effects
(11:00) - VPN Integration
(11:59) - Reserve Currency Problems
(12:58) - Movies
Apr 29, 2022 • 15min
Refactoring Restaurants
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) - Refactoring Restaurants
(09:07) - 401(k)s With Chinese Characteristics
(10:37) - Middlemen and Leverage
(12:00) - Concentration
(13:43) - A Mixed Trucking Recession
(14:24) - Deglobalization in Autos
Apr 22, 2022 • 14min
A Future Where Most Media Is Produced for an Audience of One
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 Future Where Most Media Is Produced for an Audience of One
(09:17) - Universal Prime
(10:28) - Strategic Shifts
(11:24) - Bundling
(12:13) - Enterprise Twitter
(13:02) - Energy Leaks
Apr 14, 2022 • 19min
The Gym Business: Usage, Slacking, and the Duel Between Margins and Lifetime 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) - The Gym Business: Usage, Slacking, and the Duel Between Margins and Lifetime Value
(10:51) - Twitter
(13:32) - Remote Work and Neurodiversity
(14:45) - Granularity
(15:57) - Unhealthy SPACs
(17:00) - More Evidence for the Travel Boom
(17:26) - Surcharges
