Noob Planet

Zero Commissions. Great Business.

Robinhood’s “cash management” pre-launch last week got me curious, as I’ve been many times in the…

Insurance is dull at first glance to most people. But over the last few weeks, especially after reading Mihir Desai’s The Wisdom of Finance, I’ve come to appreciate its beauty. There’s the story of how cavemen invented a clever risk-sharing mechanism. Say you have six cavemen living in six…

I just finished this fascinating book, The Oxford Introductions to U.S. Law: Income Tax Law. It really opened my eyes to the notion that tax is not simply a massive set of random rules encoded in one of the largest legal documents, but that tax does have a conceptual…

I picked up this book mostly to understand private equity. However, more than the first half of this book ended up talking about hedge funds, about which I know very little besides that Bernie Sanders thinks they are destroying America.

#BreakIntoVC is a pretty great little book. What I got most out of this book was probably an understanding of the structure of VC firms, and how to read financial statements.

The structure of VC firms is pretty standard. VC firms manage multiple funds. Each fund is…