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
Feb 13, 2024 • 17min
Antithesis: Debugging Debugging
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) - Antithesis: Debugging Debugging
(12:59) - Rebooting
(13:40) - AI, UGC, and Communities
(14:18) - Land Rushes
(15:21) - AI and Share Shift
(16:20) - Nirvana
Feb 12, 2024 • 11min
AI-Based Disinformation Will Not Be An Especially Big Deal in the 2024 Election
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-Based Disinformation Will Not Be An Especially Big Deal in the 2024 Election
(06:10) - Discount Pods
(07:22) - China and Real Estate
(08:26) - Microcaps
(09:30) - Unraveling
(10:14) - Market Structure
Feb 5, 2024 • 14min
Is "Social" an Enduring Category or Just a Phase?
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 "Social" an Enduring Category or Just a Phase?
(07:13) - The Carbon Discount Rate
(08:43) - Alternative Data
(10:16) - Transitory Lessons
(11:17) - App Economics
(12:15) - Where Does the Basis Trade Come From?
Jan 29, 2024 • 15min
Being Not-a-Tech-Company
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) - Being Not-a-Tech-Company
(08:52) - Media
(10:41) - News: Supply and Demand
(11:56) - Preferred Habitats
(12:49) - Liquidation
(14:12) - The Activism Cycle
Jan 22, 2024 • 12min
Momentum, Intellectual Humility, and Missing Pieces of the Model
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) - Momentum, Intellectual Humility, and Missing Pieces of the Model
(06:57) - War Finance Meets Green Finance
(08:03) - AI-Assisted Creativity
(08:56) - Property Rights and Mortal Institutions
(09:41) - Complements
(10:25) - Hedge Funds
Jan 16, 2024 • 16min
A Theory of Grift
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 Theory of Grift
(08:40) - Buy The Change You Wish to See in the World
(10:27) - Schmuck Insurance
(11:22) - Uncertainty
(12:23) - Block Trading
(14:59) - Ads
Jan 8, 2024 • 16min
Why Does Any Company Own its Corporate Headquarters?
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) - Why Does Any Company Own its Corporate Headquarters?
(09:36) - The Noise Election
(11:04) - Automation
(12:03) - Complementary Businesses
(14:26) - Talent Cycles
(15:22) - The Mechanics of Regulatory Moats
Jan 2, 2024 • 15min
How Many Trillion-Dollar Companies Should There Be?
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) - How Many Trillion-Dollar Companies Should There Be?
(09:57) - Choice
(11:09) - Durables
(12:01) - Lobbying
(12:55) - The China Model
(13:37) - Training Data
Dec 18, 2023 • 16min
How Should Higher Education Be Financed?
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) - How Should Higher Education Be Financed?
(10:28) - Accredited Investors
(11:54) - Gambling on Gambling
(12:41) - Price Discrimination
(13:25) - In Play
(14:19) - Even More Product Convergence
Dec 11, 2023 • 14min
Graduating to Parallelized Strategies
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) - Graduating to Parallelized Strategies
(07:16) - AAI
(08:13) - OpenAI
(10:36) - Twitter
(11:31) - Pod Shop Math
(12:22) - Privacy, Security, and Monopoly
