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by 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.
The most recent episodes — sign up to get AI-powered summaries of each one.
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. - The Economics and Politics of Pacing the Frontier - Reflexive Funding - Insider Trades - Reference Implementation - Margins - Law Enforcement
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. - Staying Calibrated - Transparency - Disclosure - Credit Ratings - AI Jobs - Branding Inference
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. - The Surprisingly Weak IPO-Housing Effect - Bottlenecks - More Bottlenecks - Disjoint Models - Aligning Incentives - Momentum
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. - Ad-Supported Platforms are a Unique Antitrust Problem - Brittle Buyers - Rates - Substitution Effects - Demand - Trades
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. - Financial Entrepreneurship in the Indexing Era - Easy As - Missing Estimates - Oil - Off-Balance Sheet - Turnover
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. - FP&A as the Telemetry and Counterespionage - 0.5x AI - Media Incentives - Infrastructure - Perks - Externalities
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. - Who Hedges Where? - Ads for Bots - Authenticity - The AI Race - Priority Disputes - Mission
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. - What We Periodically Relearn About Rent Control - Backstops - Complements and Substitutes - Personality Hire - Commoditization - IPOs
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.
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