Learn how to think about finance, economics, and corporate strategy.
Why Do Some Companies Write Them? What Makes a Good One?
Byrne Hobart4 days ago
Companies, Investors, and Countries
Byrne Hobart11 days ago
Sandbagging, Conspiring, De-Risking
Byrne Hobart18 days ago
You Won't Agree on Everything, But You'll Know What You Disagree On
Byrne Hobart25 days ago
The Economics of a Ludicrously Expensive Hobby That Occasionally Turns Into a Job
Byrne Hobarta month ago
Infallible Recession Indicator? Noisy Signal? Both?
Or, Really, How Not to Misread a 13F
Byrne Hobart2 months ago
A Diversified Portfolio Pays Off in the Market—But Where Else Can You Get It?
How Who's Born When Affects Growth, Rates, and Votes
Putting a Price on Any Asset Means Putting a Price on Uncertainty and Time
Why the Best Way to Make Something Affordable is to Send it Around the World a Few Times
Are people irrationally afraid of debt, or irrationally fond of it?
Byrne Hobart3 months ago
There are Easy Tradeoffs and Challenging Ones
What to Focus on, What to Ignore
Why We Can’t Stop Markets from Crashing
Or: The More You Know About Their Stock Picks, The Less Their Job Involves Picking Stocks
Byrne Hobart4 months ago
What's So Bad About Everything Getting Cheaper?
Sure, You've Heard of Gamestop and AMC—But What About the Financial Crisis and the Auto Industry of the 1960s?
Over $10 Trillion Is Managed In a Very Strange Way
And How Investment Bankers, Software Developers, and Unionized Workers Turn a Stock Into a Quasi-Bond
And What’s The Difference Between “Economic Profits” And the Usual Kind?
Byrne Hobart5 months ago
They Do, However, Get Involved in Conspiracies
The Sociology of Risk-Takers, Fee-Collectors, and More
Is it Skill, a Statistical Artifact, or the Market-Clearing Wage for a Job?
The World's Most Common and Effective Form of Economic Redistribution
Byrne Hobart6 months ago