Joel Stevens

Austin, Texas

Writer, investor, and musician.

Chemistry, then patents, then a decade running a value fund — and, all along, a guitar. The longer story is below.

Joel Stevens playing acoustic guitar in the woods

Joel came to investing by an unusual road. In high school, his work on DNA computation of NP-complete problems won the international science fair; at Rice University he studied chemistry, graduating magna cum laude, with research across DNA computation, nanotechnology, and organic chemistry that produced several publications and a U.S. patent. From the lab he moved into intellectual property: eighteen years as a patent agent, eventually leading a team of attorneys stewarding a multi-billion-dollar patent portfolio.

In 2013 he co-founded Austin Value Capital, a value-investing partnership run on the principles of Graham, Buffett, Fisher, and Marks, with a focus on risk and in-depth analysis. For roughly a decade he managed the fund and wrote for his partners — the essays gathered under Financial. Alongside them he kept a quieter series, Rational Awakening, on attention, desire, will, and what a life is for.

These days he is the CFO of RippnerTennis, his family's tennis business, and he builds things — software, websites, the occasional game.

And, most weeks, a circle of men. Joel leads Uncivilized's in-person men's group in Austin and an online circle on Tuesday mornings. He trained for that work with Uncivilized — How to Work with Men, the Leadership Crucible — and with Duey Freeman in the Art of Instinct and Intuition, and he has been through more initiations than would fit neatly on a list.

And always the music: guitar and voice, covers and originals, recorded at home.

The road

Education
B.S. Chemistry, Rice University
magna cum laude

Patents
18 years in intellectual property
led stewardship of a multi-billion-dollar portfolio

Investing
Austin Value Capital
value partnership, 2013–2023

These days

Writing
11 financial essays
7 personal essays

RippnerTennis
CFO, the family tennis business
software, websites & games

Men's work
Uncivilized men's groups
leads circles in Austin & online

Music
Acoustic covers & originals
recording now