The Diff is written by Byrne Hobart and sits at the edge of finance, technology, and economic history. It’s one of the most intellectually ambitious newsletters around: essays that range from dissecting a company’s competitive strategy to analysing historical parallels to current market dynamics, all written with unusual depth and density.
What to Expect
Long-form essays that connect finance and technology through a wide-angle lens. Hobart writes about things like how network effects work in financial markets, the economics of specific industries, or the strategic logic behind corporate decisions that aren’t obvious at first glance. Dense by design — you’ll want to read slowly.
Who It’s For
Investors, analysts, and technology strategists who want to think more rigorously about how technology and capital interact. Not for casual readers — The Diff rewards careful attention and repays it generously.
Frequency: Daily (free tier) + more frequently (paid)