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
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
Dec 4, 2023 • 12min
In Investing, and in Life, The More Timeless the Discovery the More It's a One-Off Gain
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 Investing, and in Life, The More Timeless the Discovery the More It's a One-Off Gain
(08:01) - Airlines
(09:21) - Deflation
(10:07) - VC
(10:32) - Automation
(11:13) - Vertical Integration
Nov 27, 2023 • 13min
Can Argentina Dollarize? Should They?
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) - Can Argentina Dollarize? Should They?
(07:06) - 0DTEs
(08:57) - Corporate Politics
(09:45) - Ads and Sports
(11:15) - AI Creating Jobs
(11:48) - Marketing Real Estate
Nov 20, 2023 • 15min
Risk: Too Much, Too Little, the Wrong Kind, or the Wrong Measure?
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) - Risk: Too Much, Too Little, the Wrong Kind, or the Wrong Measure?
(05:55) - OpenAI's Oops D'Etat
(11:05) - Meta
(12:10) - Unit Economics and the Japanese Labor Force
(13:15) - Cruise
(13:50) - Growth and Corruption
Nov 13, 2023 • 10min
What Do Proof-of-Work and Proof-of-Stake Really Prove?
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) - What Do Proof-of-Work and Proof-of-Stake Really Prove?
(05:12) - Social Network Nuances
(06:02) - The Cost of Dropping Ads
(07:03) - Credit Outlook
(08:10) - Investment Niches
(08:51) - Wages
Nov 6, 2023 • 11min
LLMs and Communicating in More Dimensions
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) - LLMs and Communicating in More Dimensions
(04:58) - Cruise's Asymptotes
(07:02) - Shrinkage
(08:12) - Open Source Economics
(09:12) - Derivatives and the Underlying
(09:53) - Shorting
Oct 30, 2023 • 16min
The Long, Long View of Interest Rates
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 Long, Long View of Interest Rates
(10:46) - Insiders
(13:12) - Threads
(14:09) - Where the Pandemic Didn't Happen
(14:49) - Leftovers
(15:19) - Opportunity Cost
