The Diff | Byrne Hobart | Substack

A few months ago I was at a conference where Robin Hanson spoke about prediction markets.[1] He argued that given how much of companies' outcomes are driven by who they choose to hire, and how non-rigorous the process of selecting employees and revisiting those selections is, there's a literal trillion-dollar opportunity in getting it right. Predic... See more

There is a bit of “a rising tide lifts all boats” dynamic in the expert network industry. Given the aforementioned macro trends and fundamentally addictive nature of the product, it’s a good industry in general to be in. And there are more and more new customers, non-traditional users of expert networks, such as Fortune 500s, start-ups and market r... See more

Economics 101 teaches that trading is rational only when it makes both parties better off. A baseball team with two good shortstops but no pitching trades one of them to a team with plenty of good arms but a shortstop who’s batting .190. Or an investor who is getting ready to retire cashes out her stocks and trades them to another investor who is j

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Expert networks are a marketplace for knowledge.