NOAH
JACOBS

TABLE OF CONTENTS
2023.07.08-Letter-III
2023.01.08-Letter-II
2022.07.30-Letter-I

INVESTING

"The most critical asset I manage everyday is my time"

- Anon hedge fund manager

If you consider allocating time as investing, then I have been investing since I was very young.

More literally, I started options trading by 16 and was managing a hedge fund by 21. I did this from April 2022 to December 2023. The project was the cumulation of a number of efforts:

Age 16-17: Began swing trading a couple shares of Tesla. | Started playing around with options. | Lost money in penny stocks.

Age 18: Started an options trading club, Theta Capital, at the University of Michigan's Ross School of Business, not to be confused with the Dutch fund of funds. | Trading evolved to focus more on longing volatility with crude delta hedging.

Age 19: Decided I was to start a hedge fund; I liked selling vol at that point, so that would be core to the strategy. | With Noah Cox, my business partner in the endeavor, we started the first of two "test funds" for the impending actual hedge fund. | Independently studied for and passed the Series 65 exam, although I never registered as an investment advisor. | Joined EVO Trading Club, a trading Discord, where I shared strategies and stock analysis.

Age 20: Published what I believe to have been the "first" book on the GameStop short squeeze; if I recall correctly, it hit top 20 in "Derivative Investments" on Amazon's Kindle Store, a feat that required only something like 5 purchases. I still get $.20 from the book every 6 months. | Cox and I started an investing newsletter to share our thoughts and build interest in our fund. | Started a second test fund for the hedge fund. | Evo was disbanded.

Age 21: Started and managed hedge fund, Noahs' Arc. | Began building and managing the building of software tools for investing.

Age 22: Left hedge fund. | Continued building the software tools. See Hacking for more.

Age 23: Aggressively investing in my skill sets and whatever business endeavor I am working on.

By clicking on the left column, you can view the three semi annual letters sent to investors during my tenure at Noahs' Arc, the fund.

Last updated 2024.06.08

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