Or, how wealthy landlords in Korea may soon default on hundreds of millions of dollars borrowed from their poorer tenants

November 2022

Why hasn't the invisible hand trimmed the fat from Twitter?

October 2022

Or "surge pricing for art", or "How can we design a market system to pay artists for their tributes to our AI overlords?"

August 2022

An interesting skill many CEOs and charismatic leaders have is the ability to synthesize tasks that feel meaningful, thus attracting people to work on…

July 2022

How does one-share-one-vote circumvent Arrow's impossibility theorem?
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???

June 2022

I start my undergrad investments class by posing the following question: what is a financial asset? Wikipedia gives the following painfully vacuous…
Or, how web3 will let us borrow against our childhood memories

April 2022

Web3 yield farming is basically Silicon-Valley/Uber/Moviepass style highly-subsidized-usage growth hacking, except it subsidizes users through newly…
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…