This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week.

<ul><li>(00:00) - Text and Telos</li>
<li>(07:03) - Scaling</li>
<li>(07:49) - Retail Investors</li>
<li>(09:12) - Comparative Advantage</li>
<li>(09:47) - Transaction Costs and Corporate Structure</li>
<li>(10:58) - DeepSeek Governance</li>
</ul>

This is an audio version of the free newsletter. Read the newsletter at thediff.co, and subscribe for an additional 3 posts (and podcasts!) per week. (00:00) - Text and Telos (07:03) - Scaling (07:49) - Retail Investors (09:12) - Comparative Advantage (09:47) - Transaction Costs and Corporate Structure (10:58) - DeepSeek Governance

Text and Telos

The Diff is a newsletter exploring the technologies, companies, and trends that are making the future high-variance. Posts range from in-depth company profiles, applied financial theory, strategy breakdowns and macroeconomics.

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Text and Telos

Text and Telos