Is the Business of AI More Like Steel or VBA?
Plus! Formalizing an Economy; Shoplifting Plane Shortage; Mastodon Metrics; The Mystery of the UAE Holding Company; Diff Jobs
All posts
In chronological order
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Longreads + Open Thread
Become a member to gain access →15-Minute Delivery; Media Moguls; Airline Rules; Honest Media; Words; Economics; Talent; McCarthy
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Cintas: Power-Law Results from Uniform Distribution
Unlock Premium to read this post →Plus! Bank Runs; Moderation in Moderation; Commodity Layer; No Non-Competes; Kids' Media
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Why do "Value Traps" Persist?
Unlock Premium to read this post →Plus! Why do "Value Traps" Persist?; AI and Search; Mining Inflation; Labor Inflation, Globally; DoorDash and the Reverse Supply Chain; Supply and Demand in Podcasting
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Closing Industry Frontiers
Read this article →Plus! The Slow Move to Subscriptions; TINA Trades; Geoengineering; Warning Signs; Elasticity in Electricity; Diff Jobs
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Zelle and Slicing Up the Payments Layer
Unlock Premium to read this post →Plus! Counterfeiting; Central Bank Politics; Layoff Alternatives; Liquidity; Window Dressing
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Gradually Renegotiating the Hedge Fund Bargain
Unlock Premium to read this post →Plus! FTX, Continued, Again; The End of the Duopoly; Working Capital; Backstops; Recapitalizing
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Investing in Times of Uncertain Expected Returns
Unlock Premium to read this post →Plus! Signaling; Live Translation; Celebrity Shortage; Float; Strategic Acquisitions
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How Companies Think About Layoffs
Become a member to gain access →Plus! Moderation; Understanding TikTok; Reputational Bank Runs; Coal; Disney; Diff Jobs
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Longreads + Open Thread
Become a member to gain access →Boxing; LLMs; NEPA; Vaccination; Manipulation; Napoleon
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Localization Economics
Unlock Premium to read this post →Plus! Localization Economics; Funding and Timelines; Interventions; FTX and Crypto-Systemic Risk; Netflix and Ads; Slower Capex
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Pinching Pennies
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