"Today I have the pleasure of interviewing Byrne Hobart again. He writes at thediff.co and the way I would describe Byrne is — every time I have a"

"question about a concept or an event in finance, I google the name of that event or concept into Google and put in ‘Byrne Hobart’ at the end of that search query and 9 times out of 10, it's the best t..."

"Got to reverse tomorrow.” But that gave them at least one night of enough liquidity to survive. Now, you can only do that kind of fraud if you are actually keeping really close track of where your mon..."

"you learned a whole lot about electrical wiring or you learned a whole lot about how plumbing works or how septic tanks work, that's not good. That means something very, very bad happened in your hous..."

"Other than drugs I also want to ask you about the phenotype of the founder. FTX had a barber who would come in every Tuesday to cut everybody's hair. SBF could have just sat in line and gotten his hai..."

"You'll also keep track of your bank accounts. That's the dress itself but I also want to ask about the other characteristics. You had this really interesting point in that blog post about how when you..."

"I'm glad you brought up the biography, I'm reading it right now as well. In the last episode, we go deep into the other biography by Robert Caro, The Power Broker, and talk about why it might be inacc..."

"Man, there's so many threads there that I'm tempted to spend the rest of the episode just digesting and talking about. There's so many interesting things about Caro's story and the impact he’s had. In..."

"So yeah, it can't quite be done that way. I want to go back to that thing you said a moment ago about how you couldn't have written a million words that were as impactful about how cities work but if ..."

"That particular question about trying to predict if somebody is overstepping or if they're making the best bet of their life is something that I've been trying to think about and I really have no reas..."

"to the rules they'll keep on working. The Musk example is similar to how some people will load up a horribly broken game of Civ where their civilization is losing. They’ve gotten so good at the game t..."

"was a strong proponent of risk neutrality. We were talking many months ago and he made this really interesting comment that in many belief systems they have a way of segregating and limiting the impac..."

"One meta question I've had is, in all other kinds of discourse there's this question about whether you're trying to figure out which charities do the most good, whether you’re trying to figure out whi..."

"That just requires a lot more of this micro level analysis. A lot of macro people are looking at what individual companies are doing and what they're saying and how consumer sentiment is changing mont..."

"[Laughter] I'll definitely have to have you on again in a few weeks because we've gone through only a quarter of the questions. But it was really interesting. This is probably the most fun episode I'v..."