Money, Credit, Trust, and FTX
Plus! Alternatives; Where Inflation Hits; The Best Job In tech; Sitting it Out; LNG; Diff Jobs
The Diff is a newsletter exploring the technologies, companies, and trends that are making the future high-variance. Posts range from in-depth company profiles, applied financial theory, strategy breakdowns and macroeconomics.
Why finance and tech?
First, they're very meta industries, like layers over the rest of the economy. They're rich with insights into how a lot of the world and economy works. And they also influence a lot of things about your life.
Second, they're fast moving. Financial markets are designed to instantaneously react to any news happening anywhere, and to decide what it means and how much it matters. This makes them very useful for understanding what's important in the world. (They're not perfect, of course, but it's even more informative when they're wrong.) Product cycles happen faster in tech than in other sectors, and strategies go from being effective to obsolete in a startlingly short period. So looking at the decisions tech companies make over quarters and years offers insight into how other industries will behave over years and decades.
What do you get with The Diff?
- Each weekday issue starts with a long-form writeup about a notable company, event, or trend. The goal is not to be topical — instead, it's to choose topics and framing that will be more relevant a year from now.
- Each piece also includes links to five recent news stories, with commentary. These stories are not the five biggest news stories of the day, but five data points that illustrate long-term trends, refute them, or are widely-reported but deeply misunderstood.
- Free subscribers get one weekday issue a week and access to a free link roundup and open thread on weekends. Paying subscribers get three more full issues.