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There Are Plenty of Decent Equilibria
Sep 04, 2024

There Are Plenty of Decent Equilibria

Good Rules Make a Big Difference, But Consistent Rules Often Work

Byrne Hobart
Byrne Hobart
Understanding Buybacks
Aug 28, 2024

Understanding Buybacks

Corporate America's Worst Sin or a Slightly Better Structure for a Dividend?

Byrne Hobart
Byrne Hobart
Owning Distribution
Aug 21, 2024

Owning Distribution

Companies Obsess Over Who Is the Last to Interact with a Customer

Byrne Hobart
Byrne Hobart
Understanding Elasticity
Aug 14, 2024

Understanding Elasticity

Supply and Demand Respond to Prices, but How Fast?

Byrne Hobart
Byrne Hobart
What's a Carry Trade?
Aug 07, 2024

What's a Carry Trade?

And what turns it into a get-carried-out-on-a-stretcher trade?

Byrne Hobart
Byrne Hobart
When To Stop Burning Cash
Jul 31, 2024

When To Stop Burning Cash

Or, why "unsustainable" is optimal, for a while

Byrne Hobart
Byrne Hobart
What is a Customer Worth?
Jul 24, 2024

What is a Customer Worth?

Customer lifetime value calculations are always a rough guess

Byrne Hobart
Byrne Hobart
Primary and Secondary Capital
Jul 17, 2024

Primary and Secondary Capital

Most Investment Activity is Trading Already-Existing Things, Not Investing in New Ones. That's Fine.

Byrne Hobart
Byrne Hobart
Mission and Vanity
Jul 10, 2024

Mission and Vanity

Two Ways not to be Just About the Bottom Line

Byrne Hobart
Byrne Hobart
What Counts as "Strategic"?
Jul 03, 2024

What Counts as "Strategic"?

Why not just say "Profitable?"

Byrne Hobart
Byrne Hobart
What Makes Money Worth Something?
Jun 26, 2024

What Makes Money Worth Something?

Or: A Concise Monetary History from the Dawn of Civilization to the Present

Byrne Hobart
Byrne Hobart
Should You Learn to Code Even If You Don't Plan to be a Software Engineer?
Jun 12, 2024

Should You Learn to Code Even If You Don't Plan to be a Software Engineer?

And, since this is 2024: should you learn to code if you do plan to become a software engineer?

Byrne Hobart
Byrne Hobart
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