PinnedByrne HobartDuration and Convexity [Concepts Series]Duration is a fundamental financial concept, but it’s more part of the fixed income investor toolkit than the equity investors’. For…·4 min read·Sep 2, 2020--1--1
Byrne HobartinIndexYes, the Pandemic Could Ultimately Save the Coworking IndustryDropbox, WeWork, and Google all think they have the playbook for the part-time office·6 min read·Jan 5, 2021--7--7
Byrne HobartinMarkerWhy the Survival of the Airlines Depends on Frequent Flyer ProgramsIt turns out frequent flyer programs are worth more than the airlines themselves·6 min read·Sep 29, 2020--7--7
Byrne HobartinMarkerNo One’s Splitting the Bill, But Venmo Is SurgingHow Venmo has become PayPal’s pandemic secret weapon·7 min read·Sep 9, 2020--4--4
Byrne HobartDiscounted Cash Flow [Concepts Series]Economics nerds always complain that you should never compare stocks to flows. It’s meaningless to say that one company’s cash on hand is…·7 min read·Aug 24, 2020--1--1
Byrne HobartinMarkerHow DraftKings Stayed Competitive in a World Without SportsHere’s why investors are bullish on a fantasy sports betting company that went public when sports and casinos were shut down·6 min read·Aug 24, 2020----
Byrne HobartYears Matter More Than Ears When Evaluating Music InvestmentsYou don’t have to understand why a catalog keeps on producing royalties to know that it does.·4 min read·Aug 17, 2020----
Byrne HobartinMarkerWhat Exactly Is Uber’s End Game?Food delivery is a losing game — so why is the most aggressive unicorn on the planet betting everything on it?·7 min read·Jul 29, 2020--8--8
Byrne HobartinMarkerWhy SPACs Are the New IPOThe traditional route to going public is too slow for companies that want to cash in on hype·6 min read·Jul 28, 2020--1--1
Byrne HobartWhy Are Toys Such a Bad Business?This is the once-a-week free edition of The Diff, the newsletter about inflections in finance and technology. The free edition goes out to…·9 min read·Jul 10, 2020----