How does one-share-one-vote circumvent Arrow's impossibility theorem?
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I started a podcast! It shares the name of this Substack, but the podcast is co-hosted with Max Resnick at Risk Harbor (who might also guest post on the…
The Celsius Bankruptcy FilingListen now (31 min) | In the first episode of the (provisionally titled) Not Investing Advice podcast, Max Resnick and Anthony Lee Zhang talk about the…
I raised $500 million USD in AUM by promising users 20% risk-free returns. What do I do now???
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I start my undergrad investments class by posing the following question: what is a financial asset? Wikipedia gives the following painfully vacuous…
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Or, how web3 will let us borrow against our childhood memories
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Web3 yield farming is basically Silicon-Valley/Uber/Moviepass style highly-subsidized-usage growth hacking, except it subsidizes users through newly…
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Or: Twitter Governance and the Curve Wars. What happens when a platforms controls a resource much more valuable than the profits it can generate from…
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Astral Codex Ten
Astral Codex Ten
Scott Alexander
Arpitrage
Arpitrage
Arpit Gupta
Dirt Roads
Dirt Roads
Luca Prosperi
The Diff
The Diff
Byrne Hobart

Not Investing Advice