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Byrne Hobart

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  1. How Filter Bubbles Will Save The World

    A few weeks ago, I spent a weekend at an obscure conference for a wildly ambitious, way out-there software project. Everyone was united by one weird belief (that the project could, against all odds, succeed). And what’s surprising is that they had a lot of other crazy beliefs, too

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  2. Writing: Good Career Move, Terrible Career

    I like to write, and occasionally I idly consider the possibility that I should do it for a living. Then I remind myself: writing is a structurally terrible job. Whatever dreams you have of living off of big checks from Random House and Vanity Fair: crush them now. The economics

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  3. Better Advice Through Financial Engineering

    Financial engineering is a powerful tool. Here, we see it transform negative-sum risk into positive-sum fun. Nobody knows what advice is worth, which is why there are three different ways to charge for it, none of which really make sense. The cheapest tier of advice is the kind you get

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  4. Coase: The Border Between Theory and Practice

    My writing shtick is: 1. Find real-world situations that make more sense when you frame them in terms of financial and economic theory: Schelling Points, externalities, carry trades, optionality, the Capital Asset Pricing Model, etc. 2. Find examples of other people doing this, and point out that they’re wrong.

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  5. Backups and Giving Up

    I had a pretty solid post lined up for today, but it’s going to have to wait. Instead, let’s talk about the importance of: 1. Backups, and 2. Bouncing back First, backups: back up your files! This is one of those things you can “know” but subsequently “learn.

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  6. Behind the Cloud

    I’m on a SaaS/Enterprise software kick lately. Mostly from a process of elimination: if you understand consumer web pretty well, but suspect that the good ideas will mostly be implemented or perhaps murdered by the market leaders, what’s the closest adjacent market? It helps that as a

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  7. Optionality is for Innumerate Cowards

    MBAs love to talk about “optionality” and how they want more of it. But you don’t need an MBA to explain yourself by saying you’re “Keeping your options open.” Optionality is the Millennial lodestar: we keep our options open. This is bad behavior, both morally and financially. (Isn’

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