Byrne Hobart spent a lot more time thinking about this than the rest of us: “The thirty-year fixed-rate prepayment-option mortgage is an economic disaster. It encourages mass malinvestment. Policies designed to help low-income people build wealth actually trap them at […]
“So, with the goal of attracting enough buzz to help him land writing gigs, he doubled down on writing his newsletter, then a substack on tech and finance, with an audience of around 1200, largely made of tech and startup […]
Byrne Hobart ponders this interesting question. “Trends like the Internet and the Industrial Revolution occur in “the short-term.”“ | learn more
From Byrne Hobart of The Diff: “A world where money is accessible through just another function call is a world where more of the economy fits together better and runs a lot faster.” | learn more
The Diff by Byrne Hobart is quickly becoming one of my favorite newsletters. “[T]here are many ways to frame business models. Every one of them asks how a business reverses economic entropy and creates more value than it consumes… None of […]
Byrne Hobart offers an intriguing analysis on the incentives of VC associates. They’re not partners, and typically not on track to be partners, so he says they’re best served by promoting high-publicity deals rather than high-return deals. For those subscribers […]