THE DIFFHand-Crafted Artisanal Liquidity Provision
Plus! Consolidation; Shareholder Activism; Cash Burn; PE and Software Compete to Eat the World; Reinsurer of Last Resort; Diff Jobs
FinanceAll topics
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The Economics of Gas Stations
Plus! A Preview, From China; Noisy Data; Platforms; Another Shortage; Hacking and Options
FinanceWorth It For the Right Owner
Plus! Fuel Hedging; Big Tether Short; Second Prime Day; Marriott's Ad Network; Onshoring
FinanceKeyword Studios: The Gaming Industry on Easy Mode
Plus! A Fleet, Not a Tweetstorm; Calling the Top; A Demographic Tailwind; Economic Cyberwar; Leverage on Leverage
FinanceWhat's (Far) Ahead for Energy
Plus! Hard-to-Scale Marketing; Monetary Policy in Gaming; Tweaking Moderation; Hardware/Software Convergence; Digital/Physical Convergence
FinanceOne-Shot Sanctions
Plus! Hacks; Digital Prosthetics and Mixed Media; Energy Independence; The New Map; Order Frequency
FinanceTaylorism-as-a-Service: The Economics of Picky Platforms
Plus! Network Effects, Perceived and Real; Options and Futures; Cyber Insurance; More Crossover Funds; Closed on top of Open
TechThe Idea-Swapping/Login-Swapping Credit System
Plus! Information Sharing; Hackers and Trust; Banking Divergence; Quitting Coal; Real-Time Data; Privacy Tradeoffs
FinanceThe Valuation Arbitrage Keiretsu Model
Plus! Reshuffling Human Capital; Viral Distribution; The Supply Chain Survived; A Bullwhip Effect in Housing?; The Founder CEO Premium
FinanceWarby Parker and EssilorLuxottica: Irresistible Force, Immovable Object
Plus! Cutting the Apple Tax; Messaging; China and Security; Cyber Risk and Coordination; CEO Training
FinanceThe Other Escape from the Middle-Income Trap
Plus! The Crypto Lobbying Paradox; The Metacycle; Zero Rating; A Less Full-Stack WeWork; Payments as a Public Good
FinanceThe Controlled Demolition of China Evergrande
Plus! Oil and Delta; Buffers and Signals; Latency; Lags; Synergy
Finance