Why do "Value Traps" Persist?
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
-
Unlock Premium to read this post →
-
Closing Industry Frontiers
Read this article →Plus! The Slow Move to Subscriptions; TINA Trades; Geoengineering; Warning Signs; Elasticity in Electricity; Diff Jobs
-
Zelle and Slicing Up the Payments Layer
Unlock Premium to read this post →Plus! Counterfeiting; Central Bank Politics; Layoff Alternatives; Liquidity; Window Dressing
-
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
-
Investing in Times of Uncertain Expected Returns
Unlock Premium to read this post →Plus! Signaling; Live Translation; Celebrity Shortage; Float; Strategic Acquisitions
-
How Companies Think About Layoffs
Become a member to gain access →Plus! Moderation; Understanding TikTok; Reputational Bank Runs; Coal; Disney; Diff Jobs
-
Longreads + Open Thread
Become a member to gain access →Boxing; LLMs; NEPA; Vaccination; Manipulation; Napoleon
-
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
-
Pinching Pennies
Unlock Premium to read this post → -
On Betting Against the Hong Kong Dollar
Unlock Premium to read this post →Plus! Payments and Credit; Airlines; Market-Based Incentives; Financial Engineering; AI
-
"A Solution in Search of a Problem" is a Low-Rates Phenomenon
Become a member to gain access →Plus! Money and Equilibria; eSports; The Price of Liquidity; Plausible Deniability; The Illiquidity Premium, Continued; Diff Jobs
-
Longreads + Open Thread
Become a member to gain access →Writing; Lifestyles; PostScript; Arms; Shorting; Economics; Dollars