The Diff - Longreads + Open Thread
This is The Diff’s weekly roundup of longreads, books, and open questions. Feel free to drop in links and comments of interest to fellow readers. You’re on the free list for the newsletter. For full access—and to read the back catalog—subscribe today! Longreads + Open ThreadJapan, General Purpose Tech, Platforms, Rates, Clean Energy, Yen, Commodities
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Books
Open Thread
Reader FeedbackA reader responded to this piece on why discounted cash flow guesswork is worth doing ($) with links to two papers that dive deeper into how to think about valuation. At one level, theorizing about the real meaning of various financial models doesn't help much with improving those models—in practice it may be easier to use the same model as everyone else and focus on guessing the inputs correctly, at least in the short term. But understanding where value comes from is useful both as a sanity check on bad assumptions and as a reminder that financial theory needs to connect to the real world. A Word From Our SponsorsTegus is the first port of call for M&A professionals and institutional investors ramping up on an industry or company. Get access to a database of 35,000+ expert call transcripts, spanning 5+ years, or schedule expert calls through the platform for a fraction of the usual cost. When thousands of research analysts are pooling their expert calls into an on-demand database, using Tegus is table stakes. It's the leading platform for due diligence and primary research. See the power of a Tegus subscription, and get up to data parity with your competitors, with a two week free trial through the Diff. You’re a free subscriber to The Diff. For the full experience, become a paying subscriber. |
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Data's Limits and the Judgment Gap
Tuesday, June 21, 2022
Plus! Mobility; More Housing, Just in Time; Wargamification; Worker Shortages; Taiwan; Diff Jobs
Longreads + Open Thread
Saturday, June 18, 2022
Chips, Cloud, Roads, Jobs, Luttwak, Banks, Feedback
Clean Trades and Dirty Hedges
Monday, June 13, 2022
Plus! Cash as Cosmetics; Two Inflations; AI; Offline-to-Online; Starlink; Diff Jobs
Longreads + Open Thread
Saturday, June 11, 2022
Progress, Bobusuke, Permission, Allocation, Nuclear, YouTube, Disruption
Valuation Metrics: A Cross-Examination
Monday, June 6, 2022
Plus! What's Still Fundable (Con't.); ESG and Measurement; Sentiment Tracking; Volatility; Diff Jobs
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