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
Jul 29, 2024 • 15min
Meta's Open-Source AI Economics, Re-Revisited
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) - Meta's Open-Source AI Economics, Re-Revisited
(08:26) - A Word From Our Sponsors
(08:29) - The Quantum Gambit
(09:33) - Monetizing Volatility
(10:45) - Banking and Credit
(12:03) - How Long is the Long Game?
(13:26) - Sticky Expectations
Jul 22, 2024 • 14min
Software is the new Hardware
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) - Software is the new Hardware
(07:18) - Vendor Risk
(08:19) - Hardware and Software
(09:44) - Compounding
(10:41) - AI as an Interface
(11:38) - Rotation
Jul 15, 2024 • 11min
The Quality Factor
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 Quality Factor
(05:21) - Predictions
(07:03) - The 4Chan of Crypto
(07:54) - Adverse Selection
(08:57) - AI and Ads
(09:59) - Algorithmic Collusion
Jul 8, 2024 • 25min
“Bullshit Jobs” is a Terrible, Curiosity-Killing Concept
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) - “Bullshit Jobs” is a Terrible, Curiosity-Killing Concept
(17:48) - A Word From Our Sponsors
(18:30) - Sanction Economics
(20:00) - Exiting
(21:19) - Building Complements
(22:18) - Shares and Votes
(24:00) - Quality Problems
Jul 1, 2024 • 14min
The Supply Chain of Talent
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 Supply Chain of Talent
(07:36) - Getting the Cycle Right
(08:55) - Regulatory Arbitrage in E-Commerce
(10:04) - Dry Powder and Meta-Stability
(11:11) - The Split Market
(12:00) - Transmission Mechanisms
Jun 24, 2024 • 13min
Fertilizer and Toxins
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) - Fertilizer and Toxins
(07:50) - Margins
(08:41) - A Better, Costlier Alexa
(09:30) - Elasticity
(11:08) - Counterparty Risk, Served Two Ways
(12:20) - The Universal Denominator
Jun 17, 2024 • 14min
"Nobody Knows Anything": Backtests are Hard
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) - "Nobody Knows Anything": Backtests are Hard
(06:59) - The Economics of Hacking
(07:43) - Lead Generation
(09:30) - Adverse Selection
(10:58) - Tip Economics
(12:36) - First and Last Resort
Jun 10, 2024 • 13min
The Bid/Ask View of Who Gets to Raise and What Gets Traded
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 Bid Ask View of Who Gets to Raise and What Gets Traded
(06:40) - A Word From Our Sponsors
(07:38) - Privacy and Insurance
(08:59) - AI Fragmentation
(09:40) - Too Central to Fail?
(10:45) - Meritocracy
(11:54) - Activism
Jun 3, 2024 • 18min
Details!
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) - Details!
(08:53) - A Word From Our Sponsors
(09:48) - The Google Feedback Loop
(10:42) - Fees on What?
(12:41) - The Micro Meta Turnaround
(14:34) - Yes, We're Doing the Meme Stock Thing Again
(15:39) - Diverisification
May 28, 2024 • 16min
Get Used to a More Hallucinatory Search Experience
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) - Get Used to a More Hallucinatory Search Experience
(09:19) - Cap Structure Arbitrage and Elon Musk
(10:51) - Active, Passive, and Risk
(12:57) - Convergent Evolution
(14:09) - Market Timing
(15:01) - It's All Ads!
