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Ryan Chang

Holes 12 to 16 / The back nine

About

Investing · Building · Division I Golf. Penn '28, PPE (Philosophy, Politics & Economics) + Consumer Psychology.

12 / Penn

University of Pennsylvania · Class of 2028

Penn

Where they overlap

  • Incentives
  • Behavior
  • Language
  • Game theory
  • Decision making
  • AI
  • Markets
  • Capital

Studying

  • PhilosophyPPE
  • PoliticsPPE
  • EconomicsPPE
  • Consumer PsychologyMinor · College & Wharton

Recent coursework

  • Accounting
  • AI Behavioral Science
  • Game Theory
  • Mathematics of Change
  • Macroeconomics
  • Business Statistics

13 / Writing

Leverage, Distress, and Rescue · Fall 2025

Final paper for PHIL 1330, Ethics. When a private equity or private credit portfolio company is in serious distress, what do investors owe the workers, residents, and customers who depend on it? I propose Continuity First, a four-step test for when investors should accept a small concession to keep a business's essential operations running, with Carlyle's buyout of HCR ManorCare as the central case.

Marks Family Writing Center · Since 2025

Student Fellow and Tutor, one of 15 fellows chosen in my class. I work with undergraduates and first-year seminars on research papers, course assignments, and application essays.

The Nassau · Since 2026

A three-part newsletter at the intersection of golf and finance. Read it on Substack (opens in a new tab).

Wharton Sports Analytics · Summer 2026

Teaching assistant for Professor Adi Wyner's Moneyball Flex. Office hours on R, regression, and statistical inference; mentored four student teams.

14 / Thinking

The notebook

Open. First entries soon: short notes, questions, and the occasional deep dive.

Leadership and community

Honors and programs

  • BlackstoneFuture Leaders · 2025
  • Recalc AcademyFinance and Growth Equity Accelerators · Dec 2025 to Mar 2026
  • Make A Play FoundationStudent and Pro Bowl Fellow · Dec 2024 to Dec 2025
  • GCAACobalt Golf All-America Scholar · 2026

Leadership

Community

15 / Now Playing

Tokyo Jazz

16 / Off Course

Off course

  • Taiwanese foodRestaurant recommendations encouraged
  • Cello
  • Tokyo jazz
  • Basketball
  • Snow globesCollecting
  • Figure skatingWatching
  • BostonHome
  • PhiladelphiaPenn