Information is Cheap to Duplicate, but it's Hard to Control the Pace at Which it's Deleted
Plus! Laffer Curves;Two Kinds of Investment; Single-Family Rentals as a Maturing Asset Class; Standards; Pensions and Capital Efficiency
In case there are any other laggards like me who haven't properly noticed: @ByrneHobart's newsletter is very good.
I have culled the online world to a curated group and Byrne’s work is truly the outcome of someone who thinks, and thinks differently and deeply.
Byrne’s the substacker I wish I was. He reads like an industrial vacuum and synthesizes like a minimoog. His range and taste in coverage puts Matt Levine to shame.
Plus! Laffer Curves;Two Kinds of Investment; Single-Family Rentals as a Maturing Asset Class; Standards; Pensions and Capital Efficiency
Plus! TikTok; Credit Suisse; Productivity: Not Just for Meta; Crises, Forward and Backward; Liquidity
Plus! Fun While It Lasted; Sanctions; Fast Delivery Can Work (But Not If It Grows Too Fast); Price Discrimination; Assets and Liabilities
Plus! Retail Media; Low-Multiple Consolidation; Housing is Slowing; Moving up the Value Chain; Negotiating Sanctions
Plus! Clubhouse and Clubhouses; Private Planes Go Public; More Decarbonization; Supply Chains as a Hostage Negotiation; Coasian Parliament