Longreads + Open Thread
Substack, Cigarettes, Body as Factory, Sowell, Dubai, Rational Expectations, Bubbles, Old Gods| The Diff
Plus! Omnimedia; Full-Stack; Collusion; Trades and Hedges; IT Policies| The Diff
Plus! Trade Deals; Whales; The Applications Layer; Recapitalizing; Anonymity| The Diff
Plus! Diff Jobs; Ads; Maximalism; Comparative Advantage; Trader-in-Chief; GenAI| The Diff
Substack, Cigarettes, Body as Factory, Sowell, Dubai, Rational Expectations, Bubbles, Old Gods| The Diff
Plus! TPUs!; Automation; Market-Based Enforcement; Complete Markets; Earnings| The Diff
Plus! Contribution Margins; Short Video, One Stage at a Time; Constituencies; Platform Advantage; Data Laundering| The Diff
Plus! Confluence of Interest; Prediction Market Risk Premia; Feedback Loops; Automation; Options| The Diff
Plus! Diff Jobs; Peripheral Bets; Fragmentation and Industry Maturity; Deepfakes as Pull Quotes; Benchmarks; Platforms| The Diff
Intelligence, Depression, Reserve Assets, TV, Generative Video, Fraud, Selling Data, 1929| The Diff
Plus! Full Utilization; More Utilization; Titrating Slop; Fraud and Balance Sheets; Self-Regulation| The Diff
Plus! Mixed Signals and Rational Expectations; Financials; Moderation; General Purpose; AI Writing| The Diff
Plus! Rare Earths and Incentives; Venture; Money and Attention; Retail; Good Timing| The Diff
Plus! Notifications; IP; Hyperliquidated; DOGE; Painting the Tape; Diff Jobs| The Diff
Plus! Proprietary Data; Missing Money; More Vendor Financing; Shipping Speed; What is the Market Saying Right Now?| The Diff
Plus! Idio; Agents and Enterprises; In the Loop; Industrial Policy; Data| The Diff
Plus! Diff Jobs; AI Efficiency; Dollar Diplomacy; Sora; Capital Structure; Reshoring Paradoxes| The Diff
Tech PR, The Grid, Writing, Communism, LTCM, Shareholder Democracy, Malone, Invading Arrakis, Economic Growth| The Diff
Plus! Visible Everywhere, Including the Productivity Statistics; Cycles; Attach Rates; Insourcing and Outsourcing; Price and Legitimacy| The Diff
Plus! Coopetition; Ads and Chatbots; Checks and Balances; Ratings; AI IP Rights| The Diff
Plus! Market Rules; Fast Followers; LLM Shopping; Schmuck Insurance; Fraud| The Diff
Plus! Diff Jobs; Headline Risk; The Crypto Treasury Trade; The Paradox of Decentralization TikTok; Signal and Noise in Credit| The Diff
Peterffy, LLMs, Mr. Beast, Post-Literacy, Bookstores, Vendor Financing, Games, Buckley| The Diff
Plus! Push vs Pull in AI; Endless Video; Tariffs!; Crypto Treasury; Abstract DOGE| The Diff
