Bubbling Up

In Boom: Bubbles and the End of Stagnation (out today via Stripe Press) tech and finance writer Byrne Hobart takes his biggest risk yet. Hobart is currently best known for his newsletter, The Diff, in which he explores business strategies and technological trends at the heart of markets and innovation. In February 2023, Hobart observed in The Diff that Silicon Valley Bank (SVB) was “technically insolvent”—notable given that many of his 50K+ subscribers either had accounts with the bank, or knew other people who did. The SVB bank run shocked the world a few days later. Hobart’s reputation as a prophetic financial analyst was made.