Best Byrne Hobart Podcasts (2024)

1
E39: Mental Models and Financial Infrastructure with Patrick McKenzie 1:03:12

1d ago1:03:12

1:03:12

This week, Byrne Hobart is joined by Patrick McKenzie (patio11), host of the podcast Complex Systems, to discuss the complexity and endless fascination of financial infrastructures, the role of fraud in finance, talent spotting strategies and the importance of building networks. 🔥Apply to join over 400 founders and execs in the Turpentine Network: …

1
Writing the first draft of financial history with Byrne Hobart 50:45

8d ago50:45

50:45

Patrick McKenzie (patio11) is joined by Byrne Hobart to discuss Byrne’s vantage point as writer of The Diff, a tech and finance newsletter. Byrne explains the toxicity of the 30-year mortgage, the dynamics of the finance newsletter ecosystem, how rationalist epistemics can be applied to hedge funds, and the joy of learning about an industry from sc…

1
Betting on the future via prediction markets, with Stephen Grugett of Manifold 51:57

3h ago51:57

51:57

In this episode, Patrick McKenzie (patio11) is joined by Stephen Grugett, a co-founder of Manifold, to discuss prediction markets. They cover how prediction markets work, their efficiency in aggregating information, and why they serve as a minority report against prevailing narratives. They cover past controversies, potential risks, and the philoso…

1
Meta's Open-Source AI Economics, Re-Revisited 14:33

13h ago14:33

14:33

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) - Meta's Open-Source AI Economics, Re-Revisited (08:26) - A Word From Our Sponsors (08:29) - The Quantum Gambit (09:33) - Monetizing Volatility (10:45) - Banking and Credit (12:03) - How Long …

1
E38: Resurgence of Prediction Markets, AI Adoption and Complex Financial Systems 1:01:14

6d ago1:01:14

1:01:14

This week, Byrne Hobart and Erik Torenberg discuss the resurgence of prediction markets, the balance of sophisticated vs. 'dumb' money, Biden's nomination odds and the impact of AI on software economics. 🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --- SPONSORS: BABBEL: 🌐 Ready t…

1
Reporting on tech with Kelsey Piper 1:06:40

6h ago1:06:40

1:06:40

Patrick McKenzie (aka @Patio11) is joined by Kelsey Piper, a journalist for Vox’s Future Perfect. Kelsey recently reported on equity irregularities at OpenAI in May of 2024, leading to an improvement of their policies in this area. We discuss the social function of equity in the technology industry, why the tech industry and reporters have had a fr…

1
Software is the new Hardware 13:31

11d ago13:31

13:31

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) - Software is the new Hardware (07:18) - Vendor Risk (08:19) - Hardware and Software (09:44) - Compounding (10:41) - AI as an Interface (11:38) - Rotation…

1
E37: 2024 Election Updates, Partisanship on Wikipedia, and Amazon’s Media Business 59:56

13d ago59:56

59:56

On this week’s episode of The Riff, Byrne Hobart and Erik Torenberg discuss how the 2024 presidential election has changed, why Wikipedia’s partisanship problem is difficult to solve, and the strategy behind Amazon’s media business. 🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --…

1
The Quality Factor 11:22

4h ago11:22

11:22

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 Quality Factor (05:21) - Predictions (07:03) - The 4Chan of Crypto (07:54) - Adverse Selection (08:57) - AI and Ads (09:59) - Algorithmic Collusion…

1
E36: Meritocracy, Modeling Globalization, and The Burden of Knowledge 1:02:25

20d ago1:02:25

1:02:25

This week, Byrne Hobart and Erik Torenberg dive deep into David Graeber's controversial concept of 'Bullshit Jobs,' exploring its validity and impact. They also discuss the future of labor and employment in the era of AI, the intricate dynamics of globalization, and the complexities of corporate governance. 🔥Apply to join over 400 founders and exec…

1
How the Smart Money teaches trading with Ricki Heicklen 1:40:15

14d ago1:40:15

1:40:15

Patrick McKenzie (patio11) and Ricki Heicklen discuss Ricki’s innovative approaches to teaching trading. Trading is traditionally taught only by practitioners, to practitioners. The curricula that trading firms use are not published externally, to avoid empowering competitors. Ricki explains how she teaches trade mechanics, how markets and traders …

1
“Bullshit Jobs” is a Terrible, Curiosity-Killing Concept 25:23

23d ago25:23

25:23

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) - “Bullshit Jobs” is a Terrible, Curiosity-Killing Concept (17:48) - A Word From Our Sponsors (18:30) - Sanction Economics (20:00) - Exiting (21:19) - Building Complements (22:18) - Shares and…

1
E35: How to Be President, the Future of AI Celebrities, and Training Larger AI Models 1:00:17

25d ago1:00:17

1:00:17

On this week's episode of The Riff, Erik and Byrne discuss the evolution of monetary systems, the economics of AI investments, and how AI is impacting the job market for junior software developers. 🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --- SPONSORS: BABBEL: 🌐 Ready to achi…

1
The Supply Chain of Talent 13:42

30d ago13:42

13:42

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 Supply Chain of Talent (07:36) - Getting the Cycle Right (08:55) - Regulatory Arbitrage in E-Commerce (10:04) - Dry Powder and Meta-Stability (11:11) - The Split Market (12:00) - Transmi…

1
E34: Chamath & Tinder, Threads API, and the Difficulties of Scaling AI Labs 1:04:41

1M ago1:04:41

1:04:41

This week, Byrne Hobart and Erik Torenberg discuss a lesser-known Chamath Palihapitiya story, the index rebalancing trade as a postmodern part of finance, AI labs, crypto, and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. Byrne Hobart is hiring an associate! Check out the JD here: https://www.the…

1
Fertilizer and Toxins 13:07

1M ago13:07

13:07

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) - Fertilizer and Toxins (07:50) - Margins (08:41) - A Better, Costlier Alexa (09:30) - Elasticity (11:08) - Counterparty Risk, Served Two Ways (12:20) - The Universal Denominator…

1
E33: AI Therapy, 4chan, and Why Conferences Are Like Cities 1:06:30

1M ago1:06:30

1:06:30

This week, writer Byrne Hobart and investor Erik Torenberg discuss the economics of conferences and cities, rise of meme stocks, future of coding in the age of AI and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplo…

1
"Nobody Knows Anything": Backtests are Hard 13:42

2M ago13:42

13:42

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) - "Nobody Knows Anything": Backtests are Hard (06:59) - The Economics of Hacking (07:43) - Lead Generation (09:30) - Adverse Selection (10:58) - Tip Economics (12:36) - First and Last Resort…

1
E32: Populism, Elites, and Preparing for AGI 56:43

1M ago56:43

56:43

On this week's episode of The Riff, Erik and Byrne discuss populist cycles, why billionaires buy media companies, how to invest if you think AGI is coming soon, and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogx…

1
The Bid/Ask View of Who Gets to Raise and What Gets Traded 12:45

2M ago12:45

12:45

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 Bid Ask View of Who Gets to Raise and What Gets Traded (06:40) - A Word From Our Sponsors (07:38) - Privacy and Insurance (08:59) - AI Fragmentation (09:40) - Too Central to Fail? (10:45…

1
E31: Google API Documentation Leak, Apple's Plans for Siri, and Analyzing Texas Instruments 46:28

1M ago46:28

46:28

On this week's episode of The Riff, Erik and Byrne discuss Elon Musk's and Yann Lecun's Tweets, what we can learn from Google's API decumentation leaks, how Apple is planning on improving Siri, and more. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Tu…

1
Details! 17:43

2M ago17:43

17:43

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) - Details! (08:53) - A Word From Our Sponsors (09:48) - The Google Feedback Loop (10:42) - Fees on What? (12:41) - The Micro Meta Turnaround (14:34) - Yes, We're Doing the Meme Stock Thing Aga…

1
E30: xAI Fundraising, Vivek's BuzzFeed Investment, and Ad-Based AI Monetization 1:03:05

1M ago1:03:05

1:03:05

On this week's episode of The Riff, Erik and Byrne talk about xAI's fundraising round, Vivek Ramaswamy's investment in BuzzFeed, and the dynamics of using ads to monetize AI. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmp…

1
Get Used to a More Hallucinatory Search Experience 15:57

2M ago15:57

15:57

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) - Get Used to a More Hallucinatory Search Experience (09:19) - Cap Structure Arbitrage and Elon Musk (10:51) - Active, Passive, and Risk (12:57) - Convergent Evolution (14:09) - Market Timing …

1
E29: Meme Stocks, Reserve Currencies, and the Case Against Home Ownership 1:07:19

2M ago1:07:19

1:07:19

On this week's episode of The Riff, Erik and Byrne talk about meme stocks, the nature of reserve currencies, and why you should consider not owning a home in America. beehiiv: Head to https://beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y…

1
One Edge or Many? Reflections on Renaissance Technologies 15:44

2M ago15:44

15:44

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) - One Edge or Many? Reflections on Renaissance Technologies (11:22) - Retention (12:24) - Training Data (13:20) - Social Networking Primitives and Local Maxima (14:33) - Renting (15:02) - Ads…

1
E28: Amazon’s Potential for an Airline, Hidden Economic Gains, and the Nature of Equities 1:03:04

3M ago1:03:04

1:03:04

On this week's episode of The Riff, Erik and Byrne talk about Amazon’s potential to buy a passenger airline, hidden economic gains, equities, and more. beehiiv: Head to https://Beehiiv.com and use code "MOZ" for 20% off your first three months. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/t…

1
Invisible Efficiencies 14:17

3M ago14:17

14:17

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) - Invisible Efficiencies (06:49) - Making a Market (07:53) - Outsourcing (09:35) - Multicloud (10:53) - Can Frackers Collude? (12:37) - Infrastructure (13:25) - Area Man Tweets…

1
E27: Costco's Business Model, Martingale Strategies, and Usage-Based Lock-in for AI 52:37

3M ago52:37

52:37

On this week's episode of The Riff, Erik and Byrne talk about how to apply Costco's business model in other industries, the risky business of Martingale strategies, usage as a potential barrier to AI model development, and more. Get Harmonic: Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine during your demo. --- This sh…

1
Martingale Beliefs 13:31

3M ago13:31

13:31

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) - Martingale Beliefs (07:18) - Country Equity (08:25) - Costs and Benefits (09:38) - Continuation Funds (10:36) - Deepfaking the Dead and the Last Generation of Celebrities (11:47) - Mature Fi…

1
E26: Stripe's Unbundling Strategy, What AI Means for Education, and 24-Hour Markets 1:05:20

3M ago1:05:20

1:05:20

On this week's episode of The Riff, Erik and Byrne discuss AI & education, Stripe's shift towards unbundling, and the possibility of 24 hour markets. Get Harmonic: Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine during your demo. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, cov…

1
AI Ruins Education the way Pulleys Ruin Powerlifting 17:35

3M ago17:35

17:35

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 Ruins Education the way Pulleys Ruin Powerlifting (12:38) - The Other Kind of Bank Unwind (13:30) - AI Asset Plays (14:15) - Retail Rides Again (14:59) - Single-Family Rentals (16:21) - A…

1
E25: Lambda School Drama, Meta's Path to AI, and Why Hardware Constraints Protect Your Privacy 1:09:26

3M ago1:09:26

1:09:26

On this week's episode of The Riff, Erik and Byrne discuss income sharing agreements, the privacy/security/usability efficient frontier, and how Meta ended up with all their GPUs. Get Harmonic: Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine during your demo. --- This show is produced by Turpentine: a network of podcas…

1
Who's Afraid of Index Funds? 16:03

3M ago16:03

16:03

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) - Who's Afraid of Index Funds? (10:25) - The Market for Data (11:52) - Crowded Careers (12:42) - Black Boxes, Everywhere (13:32) - Externalities (14:45) - Intra-Elite Conflict…

1
E24: Why Acquisitions Fail, How to Write a Great Memo, and The Fate of ChatGPT Wrappers 1:05:55

4M ago1:05:55

1:05:55

On this week's episode of The Riff, Erik and Byrne discuss the acquisition landscape, how to write great business memos, and why it's hard to monetize a successful ChatGPT wrapper. Get Harmonic: Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine during your demo. --- This show is produced by Turpentine: a network of podca…

1
Most Market Phenomena are Older than they Look 12:08

4M ago12:08

12:08

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) - Most Market Phenomena are Older than they Look (06:58) - Labor Arbitrage (07:40) - Reddit and Search (09:23) - On-Prem (10:21) - Audience of One (11:07) - Ads Everywhere…

1
E23: Hard Tech Pivots, Potato Investing, and When to Enforce the Law 58:56

4M ago58:56

58:56

On this week's episode of The Riff, Erik and Byrne discuss pivots in hard tech, cybersecurity and privacy, and the considerations in how often to enforce the law. For listeners watching the video, please note that Erik’s video recording dropped out towards the end of the episode. We hope you enjoy the conversation nonetheless. --- This show is prod…

1
The Data Business, At Three Resolutions 14:43

4M ago14:43

14:43

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 Data Business, At Three Resolutions (08:45) - The Instagram Numbers (09:57) - Trader Pay (11:08) - The Distribution of Near-Misses (12:54) - Benefits (13:34) - Funding Cycles…

1
E22: Corporate Espionage, Algorithmic Collusion, and Transitioning through AI 1:00:38

4M ago1:00:38

1:00:38

On this week's episode of The Riff, Erik and Byrne delve into corporate espionage, algorithmic collusion, and the lifecycle of companies amidst technological changes. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and e…

1
Algorithmic Collusion 12:43

4M ago12:43

12:43

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) - Algorithmic Collusion (08:38) - Operationalizing Secrecy (09:36) - Product Convergence (10:00) - Black Box Update (10:49) - Data Scarcity (11:41) - Cash Management…

1
E21: Austin Real Estate, Duolingo’s Bull Case, and Identifying Spurious Correlations 1:08:11

4M ago1:08:11

1:08:11

On this week's episode of The Riff, Erik and Byrne discuss Austin real estate, why Duolingo has remained strong post-pandemic, and how to identify spurious correlations during data analysis. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of…

1
The Duolingo Disaster That Wasn't 12:54

4M ago12:54

12:54

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 Duolingo Disaster That Wasn't (07:34) - Chatbots (08:31) - Alpha Capture (09:45) - Coreweave (10:58) - Preannouncements (11:41) - AI's ROI…

1
E20: Content Moderation, AI in Advertising, and the Future of Social Security 1:00:18

4M ago1:00:18

1:00:18

In this episode, Byrne Hobart and Erik Torenberg discuss how technological changes influence markets and business adaptability. They explore the dynamics and challenges of e-commerce roll-ups, the unique economic incentives of large platforms like Facebook and Google, the complexities of content moderation on social media platforms, and social secu…

1
The Case for Marking More to Market 11:48

5M ago11:48

11:48

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 Case for Marking More to Market (06:47) - Petrodollar Recycling (07:44) - Importing Talent (08:19) - Self-Regulation (09:38) - Apple/Google (10:39) - Exits…

1
E19: Hedging Against Life, Outage Economics, and Open Source vs Proprietary AI 1:07:11

5M ago1:07:11

1:07:11

On today’s episode, Byrne Hobart delves into the intricacies of technology-induced market shifts, hedge fund dynamics, Byrne’s post on outage economics, and the evolving landscape of open source and proprietary AI models. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and cultur…

1
Death Spirals 10:08

5M ago10:08

10:08

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) - Death Spirals (05:19) - Ads! (06:10) - Healthcare and Insurance (07:01) - Transition Economics (07:46) - Volatility (08:49) - Strategic Investments…

1
E18: Tiger Global, Selling Alpha, and Dating Apps 1:07:31

5M ago1:07:31

1:07:31

On this week's episode of The Riff, Erik and Byrne discuss lessons about Tiger Global from Carrie Sun’s book Private Equity, the role of alternative data in investing, and why it’s hard to make a good dating app. --- The Riff is a part of the Turpentine podcast network. Learn more: turpentine.co --- Check out Erik's new showRequest for Startupsfeat…

1
Should You Hedge It All? 12:34

5M ago12:34

12:34

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) - Should You Hedge It All? (07:22) - Apple Car (08:35) - State-Directed Investment (09:26) - Flywheels and Bubbles (10:28) - Inflation Impacts (11:42) - Vertical Integration…

1
E17: How Quants See the World 1:01:36

5M ago1:01:36

1:01:36

Byrne and Erik discuss company valuations, short selling, company earnings guidance, market predictions, and the behavior of companies and investors in financial markets. --- The Riff is a part of the Turpentine podcast network. Learn more: https://turpentine.co --- Check out Erik's new show Request for Startups featuring a rotating cast of founder…

1
Exposed! Your Torrid Love Affair With Airline Fees 15:20

5M ago15:20

15:20

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) - Exposed! Your Torrid Love Affair With Airline Fees (08:43) - Malicious Compliance (11:01) - Sanctions and Third Countries (12:00) - Bing and BATNAs (13:19) - Celebrity Endorsements and Binar…

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Byrne Hobart Podcasts

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