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Byrne Hobart

Byrne Hobart

On Critical Dependencies
Jun 03, 2026

On Critical Dependencies

In complex systems, if they're operating at maximum capacity, minor damage gets magnified

Byrne Hobart
Byrne Hobart
The Peculiar Market for Alpha
May 27, 2026

The Peculiar Market for Alpha

Can you buy it? Can you sell it?

Byrne Hobart
Byrne Hobart
Financial Rediscoveries
May 20, 2026

Financial Rediscoveries

Some inventions are just rediscoveries

Byrne Hobart
Byrne Hobart
Stocks Don't All Need to Deliver the Same Return
May 13, 2026

Stocks Don't All Need to Deliver the Same Return

On average, investors are trying to buy stocks that go up, but a lot goes into that average

Byrne Hobart
Byrne Hobart
Bubbles Don't Pop All At Once
May 06, 2026

Bubbles Don't Pop All At Once

Looking back on the great summer 2000 tech rally

Byrne Hobart
Byrne Hobart
The Snapshot-in-Time Effect
Apr 29, 2026

The Snapshot-in-Time Effect

What you think the long-term looks like depends on what start date you choose

Byrne Hobart
Byrne Hobart
Why Does Shareholder Activism Work so Well in the US?
Apr 22, 2026

Why Does Shareholder Activism Work so Well in the US?

There's a feedback loop that pays CEOs well but keeps them on their toes

Byrne Hobart
Byrne Hobart
Why is There an M&A Premium at All?
Apr 15, 2026

Why is There an M&A Premium at All?

If the stock market thinks a company is worth $10 billion, why does an acquirer usually have to offer $12bn+ to own it?

Byrne Hobart
Byrne Hobart
Ford's IPO: The Biggest Deal
Apr 08, 2026

Ford's IPO: The Biggest Deal

What can we learn from the biggest IPO ever?

Byrne Hobart
Byrne Hobart
Why It's Hard to Solve the Market
Apr 01, 2026

Why It's Hard to Solve the Market

AI is a useful set of technologies for predicting the future, so why not use it to predict stocks?

Byrne Hobart
Byrne Hobart
Learn how to think about finance, economics, and corporate strategy.

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