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 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!
May 20, 2024 • 16min
One Edge or Many? Reflections on Renaissance Technologies
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) - One Edge or Many? Reflections on Renaissance Technologies
(11:22) - Retention
(12:24) - Training Data
(13:20) - Social Networking Primitives and Local Maxima
(14:33) - Renting
(15:02) - Ads
May 13, 2024 • 14min
Invisible Efficiencies
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) - Invisible Efficiencies
(06:49) - Making a Market
(07:53) - Outsourcing
(09:35) - Multicloud
(10:53) - Can Frackers Collude?
(12:37) - Infrastructure
(13:25) - Area Man Tweets
May 6, 2024 • 14min
Martingale Beliefs
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) - Martingale Beliefs
(07:18) - Country Equity
(08:25) - Costs and Benefits
(09:38) - Continuation Funds
(10:36) - Deepfaking the Dead and the Last Generation of Celebrities
(11:47) - Mature Financial Systems
Apr 29, 2024 • 18min
AI Ruins Education the way Pulleys Ruin Powerlifting
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) - AI Ruins Education the way Pulleys Ruin Powerlifting
(12:38) - The Other Kind of Bank Unwind
(13:30) - AI Asset Plays
(14:15) - Retail Rides Again
(14:59) - Single-Family Rentals
(16:21) - AI Math
