A Theory of Grift
Plus! Buy The Change You Wish to See in the World; Schmuck Insurance; Uncertainty; Block Trading; Ads
Source: thediff.co
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Inside the Decline of Stack Exchange
Plus! The Other X; Refinancing China; The Activist Short Death Spiral; Rebundling; Fitness Bands; Diff Jobs
Source: thediff.co
A Short 100-Question Diligence Checklist
Plus! Bank Capital; Where enture Funding is Squeezed; Free Shipping and Marginal Costs; Chinese Apps and Data Advantages; Many Funnels; Diff Jobs
Source: thediff.co
"A Solution in Search of a Problem" is a Low-Rates Phenomenon
Plus! Money and Equilibria; eSports; The Price of Liquidity; Plausible Deniability; The Illiquidity Premium, Continued; Diff Jobs
Source: thediff.co
The Uses of Friction
Plus! Market-Making; Poaching and Equity Currency; China's Covid Economy; The Cost of AI; Friendshoring; Diff Jobs
Source: thediff.co
Understanding Jane Street
Plus! Pensions; Customer-Facing; Use Cases; Making a Market; Reflexive Energy Politics; Diff Jobs
Source: thediff.co
AWS for Industry, But Better: The Railroad Investment Case
Plus! Smart Margin; Peak College?; Two-Sided Markets; Bonds; Diff Jobs
Source: thediff.co