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
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
Oct 23, 2023 • 11min
The Economics of Startup Swag
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 Economics of Startup Swag
(05:18) - Trappings of Success
(06:27) - Globalization and the Movies
(07:29) - AI & IP
(08:46) - AI & Religion
(09:48) - Innovator's Dilemma Epicycles
Oct 16, 2023 • 11min
A Bull Market in Facts; A Bear Market in Narratives
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 Bull Market in Facts; A Bear Market in Narratives
(06:09) - The Decline of Meme Stocks
(07:16) - Volatility
(08:12) - Lobbying as a Competitive Advantage
(09:09) - Goldman
(10:16) - "Name and Shame"
Oct 9, 2023 • 15min
Predicting, and Knowing What to Predict
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) - Predicting, and Knowing What to Predict
(07:27) - FTX Addenda
(10:41) - Slack and M&A Integration
(11:41) - The Global Meme Stock Rally
(12:57) - Shrinkage
(13:33) - The Coasian Border in Ridesharing
Oct 2, 2023 • 14min
Paradoxes of Productivity Growth
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) - Paradoxes of Productivity Growth
(08:11) - New FTX
(10:08) - Apple Search
(11:16) - The IPO Window
(12:04) - Markets in Everyone
(12:55) - The Dollar
