Andrew Lahde’s Farewell Letter. Anyone who has read the book in its entirety will surely have been bewildered about how beguiled Wall Street. Retiring hedge fund manager Andrew Lahde: “All of this behavior supporting the Aristocracy, only ended up making it easier for me to find. Andrew Lahde’s goodbye letter (and what’s wrong with our country). One of my next posts, that has been coming together in my head for a.
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Appointments back to back, booked solid for the next three months, they look forward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices.
At that point, he cashed in his chips and is now going to live the rest of his life the way that he wants to and he doesn’t have to answer to anyone. Without leverage his upside is limited, and there may be downside should housing start to recover. You should — he didn’t start the large fund until the end ofand it didn’t start performing until Or what other reasons he might have to farrewell shop.
It’s just a circle jerk of the ultrarich flaunting their money in front of each other with some celebrities in the mix.
It doesn’t really teach us anything other than the guy is a loudmouth jerk. It may be better for his reputation to just get out of the game now, and start a new fund with different focus.
Food for thought; at least for you it is. The recent international events in the financial world should indicate why some rich people are disgusting. However, I do not want to sound like a Hollywood actor accepting an award. I don’t see him not being able to hack it. At so many levels people aren’t lftter by their abilities, but by their qualifications. Actually, when talking about faulty financial systems, his ability to game it and get rich should mean his words have more weight.
Plus, most of you are awful, I don’t know if you knew that.
Andrew Lahde’s goodbye letter | MetaFilter
Just like making money on a stock going up, you can make money on the stock going down. In FarwellLahde closed his fund, telling investors that credit problems – the basis of his profits – were likely to continue, but that the possibility of defaults by counterparties was too high.
So long and thanks for all the fish.
Sat Oct 18, 7: Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Today I write not to gloat. On the other, much larger hand: I just find it annoying. He basically said that people are rising to the top who don’t merit their positions, and that government is broken.
On the one hand, good for him. In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the Lahdf filed a federal lawsuit to stop the investigation. Some of these guys, as I’ve mentioned in the ‘is trading gambling’ thread The guy is a grade a douche.
Lahde, who bet versus subprimes, quits hedge funds
Archived from the original on 20 October What the guy did was nothing special, required no super insight, other than riding a wave. This was a one-time-trade of a fund. I’ve worked for these very people, and still do. You post in the SoapBox. This guy made a very good gamble on when the subprime stuff would pull everything else down, and certainly others tried to do fareeell same and got wiped out because their timing was off. The original American flag was made of hemp fiber and our Constitution was printed on paper made of hemp.
Of course, the subsequent entrenchment of the war on drugs, the DEA, and other bureaucratic money sinks made the established status quo all the easier to retain.
Unlike alcohol, it does not result in bar fights or wife beating. It seems the dream is to be hugely rich, but if you get there, you are disgusting.
Andrew Lahde’s open letter: “Goodbye and F**k You”
What a pretentious A hole. Sat Oct 18, 9: I suspect he recognizes that it was a lot of good luck, and is smart enough to quit while the quitting is good. He’s like a smart Ricky Williams: I never understood the “you have so much money you are disgusting” attitude, particularly from Americans.
May meritocracy be part of a new form of government, which needs to be established. If he wants to direct peoples attention and money somewhere, about about Lawrence Lessig’s corruption projectas discussed in his corruption lecture? If it wasn’t for the shorts, the problems would have gotten a lot worse before crashing.
Get out while the gettings good!